Hastra PRIME (PRIME)

11 sectionsRun 2026-07-28

PRIME is a Solana-based liquid-staking receipt token that a holder receives when staking wYLDS (Hastra's wrapped version of YLDS) in Hastra's staking mechanism. It represents participation in Figure's 'Democratized Prime' HELOC+ lending pools, and its value accrues as real HELOC borrowers pay interest into that pool, net of a 0.50% Hastra platform fee.

Slots verified12/35
Facts verified19
Disputed6
Run cost$4.19

The underlying

4 facts
How it works
A user first acquires wYLDS by swapping USDC (or buying on a DEX), then stakes wYLDS in Hastra's Solana vault-stake program to mint PRIME at a Chainlink-oracle-priced exchange rate. PRIME does not rebase; instead new wYLDS rewards are added to the vault, causing the wYLDS-per-PRIME redemption rate to rise, with yield realized only when the holder unstakes. To exit, the holder unstakes PRIME back into wYLDS, then either trades wYLDS on a DEX (e.g., Raydium, Kamino) or uses Hastra's multi-step process to convert wYLDS to USDC.×5
Evidence · 5 sources
https://help.hastra.io/prime/what-is-prime-(staked-wylds) ↗
“Deposit wYLDS to receive PRIME … you aren't locked in forever, you're able to unstake your funds at any given time … No rebasing - your token count stays stable”
https://help.hastra.io/wylds/claim-your-yields ↗
“PRIME yield is realized when you unstake, not monthly.”
https://help.hastra.io/wylds/what-is-wylds ↗
“trade back to USDC through Raydium and Kamino protocols.”
https://help.hastra.io/integration-guides/hastra-sol-programmatic-integration-guide ↗
“Returning to USDC is a multi-step process.”
https://github.com/provenance-io/hastra-sol-vault ↗
“Both vault-stake (PRIME) and vault-stake-auto (AUTO) use a Chainlink Data Streams price feed for the share token vs wYLDS rate at deposit and redeem time”

Verifier note panel 2/3 confirmed (agreement=5) | openai/gpt-5.6-terra: contradicted — The core PRIME staking, appreciation, and redemption mechanics are supported: vault-stake accepts wYLDS and issues PRIME at a Chainlink-sourced rate; rewards add wYLDS to the stake vault without incre | anthropic/claude-sonnet-5: confirmed — Each element of the described mechanism is directly supported by the cited pages, taken as a union of sources. (1) Acquiring wYLDS via USDC swap or DEX purchase is confirmed by the 'What is wYLDS?' pa | google/gemini-3.6-flash: confirmed — All statements in the description claim are fully supported by the provided sources: acquiring wYLDS via swapping USDC or buying on DEXs, staking wYLDS in Hastra's Solana vault-stake program to mint P

Collateralization
100×4
Evidence · 2 sources
https://help.hastra.io/wylds/what-is-wylds ↗
“Each wYLDS is backed 1:1 with YLDS held in Hastra's reserve.”
https://www.ylds.com/ ↗
“Percentage of required reserve covered: 100%; Excess / (deficit) reserve: 0.5%. AUM for reserves is updated daily at the close of the market.”

Verifier note panel 1/1 confirmed (agreement=4) | openai/gpt-5.6-terra: confirmed — The Hastra source explicitly states: “Each wYLDS is backed 1:1 with YLDS held in Hastra's reserve,” and further describes YLDS being held to back issued wYLDS tokens “1:1.” This directly supports a 10

Holdings
YLDS is held 1:1 in Hastra's reserve as the backing for wYLDS (~100% of wYLDS's backing).×5
Evidence · 1 source
https://help.hastra.io/wylds/what-is-wylds ↗
“Each wYLDS is backed 1:1 with YLDS held in Hastra's reserve”

Verifier note panel 1/1 confirmed (agreement=5) | openai/gpt-5.6-terra: confirmed — The fetched Hastra documentation expressly states: “Each wYLDS is backed 1:1 with YLDS held in Hastra's reserve.” It further says that YLDS is held in reserve to back issued wYLDS tokens “1:1.” This d

Structure & quality
The 'Democratized Prime' HELOC+ pool that generates PRIME's yield consists predominantly of second-lien home-equity lines of credit (per Figure's published credit-profile disclosure: 82.68% second lien, weighted-average credit score 736, weighted-average post-origination CLTV 65.62%, and weighted-average coupon 10.76%). Figure states these HELOC+ loans sit in a bankruptcy-remote trust with an independent trust administrator, legally separating the collateral from the operating lender's balance sheet. No PRIME-specific loan-level tape, duration schedule, or geographic concentration breakdown is publicly disclosed.unverified×2
Evidence · 2 sources
https://www.figuremarkets.com/disclosures/helocs-credit-profile/','quote'placeholder ↗
“WA Coupon 10.76% … WA Credit Score 736 … 2nd Lien 82.68%”
https://www.figure.com/blog/how-democratized-prime-generates-yield-where-the-interest-comes-from/','quote'placeholder ↗
“The HELOC+ loans associated with the pool sit in a bankruptcy-remote trust with an independent trust administrator.”

Issuer

2 facts
Issuing entity

Signum Ltd., a British Virgin Islands company operating as 'Hastra,' is a wholly owned subsidiary of Provenance Cayman Foundation (a Cayman Islands foundation).

disputed×6
Evidence · 1 source
https://hastra.io/terms ↗
“the DeFi application and related services provided by Signum Ltd., a company organized under the laws of the British Virgin Islands, a wholly owned subsidiary of Provenance Cayman Foundation, a Cayman foundation.”

Verifier note panel 3/3 confirmed (agreement=6, disputed) | openai/gpt-5.6-terra: confirmed — The fetched Hastra Terms of Use expressly state that the DeFi application and related services are provided by “Signum Ltd., a company organized under the laws of the British Virgin Islands,” and that | anthropic/claude-sonnet-5: confirmed — The re-fetched live content from https://hastra.io/terms contains the exact language cited: it explicitly states the DeFi application and related services are 'provided by Signum Ltd., a company organ | google/gemini-3.6-flash: confirmed — The re-fetched source from https://hastra.io/terms explicitly states that the DeFi application and related services are provided by Signum Ltd., a company organized under the laws of the British Virgi

Launched
2025-12-04unverifieddisputed×3
Evidence · 2 sources
https://www.globenewswire.com/news-release/2025/12/04/3199853/','quote':'Figure ↗
“Figure and Leading Crypto Partners Launch RWA Consortium for Onchain Finance on Solana — Thu, 12/04/2025”
https://investors.figure.com/node/7201/pdf ↗
“December 4, 2025”

Legal & regulatory structure

Legal wrapper

No sourced facts.

Custodian

Audits
Figure Certificate Company's financial statements are audited annually by an unnamed 'Big Four' accounting firm.
Evidence · 1 source
https://www.ylds.com/ ↗
“Annual audit: Big Four Audited.”

Verifier note panel 2/3 confirmed (agreement=1) | openai/gpt-5.6-terra: unsupported — The homepage expressly states “Annual Audits,” “Big Four Audited,” and “Audits from a Big Four firm,” which supports an annual Big Four audit representation for YLDS/FCC. However, the fetched text doe | anthropic/claude-sonnet-5: confirmed — The source explicitly states 'Annual audit: Big Four Audited' and elsewhere 'Audits from a Big Four firm' regarding YLDS/Figure Certificate Company (FCC), the issuer. This matches the claim that FCC's | google/gemini-3.6-flash: confirmed — The cited webpage confirms that YLDS, issued by Figure Certificate Company (FCC), undergoes annual audits performed by a 'Big Four' firm without naming the specific firm ('Annual audit: Big Four Audit

Attestation frequency
quarterlydisputed×2
Evidence · 2 sources
https://www.ylds.com/ ↗
“reported on a quarterly basis in the financial statements in our public periodic reports filed with the SEC.”
https://docs.hastra.io/architecture/underlying-assets ↗
“backed by a portfolio of prime Home Equity Lines of Credit (HELOCs)”

Verifier note panel 2/3 confirmed (agreement=2, disputed) | openai/gpt-5.6-terra: unsupported — The YLDS source says reserves are “reported on a quarterly basis” in SEC-filed financial statements, which supports quarterly reporting/disclosure—not a quarterly attestation. The same page separately | anthropic/claude-sonnet-5: confirmed — The YLDS site explicitly states in its FAQ: 'The reserves for YLDS are reported on a quarterly basis in the financial statements in our public periodic reports filed with the SEC.' This directly and p | google/gemini-3.6-flash: confirmed — The cited source (https://www.ylds.com/) directly confirms under the FAQ section ('How do we see what reserves are backing YLDS?') that reserve backing for YLDS is 'reported on a quarterly basis in th

Controls

Admin powers
Hastra's Terms of Use grant Signum Ltd. the right to block a user's access to the Site and to 'any interests in property' if it determines the user is ineligible or has breached representations or warranties.disputed×2
Evidence · 2 sources
https://github.com/provenance-io/hastra-sol-vault ↗
“Designated administrators can freeze/thaw specific token accounts.”
https://hastra.io/terms ↗
“we may block your access to the Site and to any interests in property as required by law.”

Verifier note panel 1/4 confirmed (agreement=2, disputed) | trimmed uncited claims (8) and re-confirmed | openai/gpt-5.6-terra: unsupported — The fetched Terms of Use support the separate legal-access point: Signum Ltd. is defined as “Hastra,” and the Terms state that if Hastra determines a user is ineligible or has breached relevant repres | anthropic/claude-sonnet-5: unsupported — Only hastra.io/terms was actually re-fetched; the GitHub repository (provenance-io/hastra-sol-vault) content was not retrieved/verified in this batch. The Terms of Use portion of the claim is well sup | google/gemini-3.6-flash: unsupported — The fetched sources do not contain any information regarding Hastra's Solana program architecture, Squads v4 multisig control, vault-mint/vault-stake programs, five designated freeze administrators, p | openai/gpt-5.6-terra: confirmed — The Terms identify Signum Ltd. as “Hastra” and state that Hastra may determine user eligibility in its sole discretion. They further provide that, if Hastra determines a user is ineligible or has brea

Upgradeability
Solana Anchor programs (and Ethereum vault contracts) are upgradeable only via governance multisig (Squads v4) approval; no on-chain timelock or delay mechanism was found.unverified×2
Evidence · 2 sources

Searched, not found

  • audits sherlock: breadth-opencode mentioned a Sherlock 'collaborative audit' (March–April 2026) in prose but provided no direct quote/URL isolating that claim; checked hastra.io/sherlock-hastra-audit.pdf (only general protocol description quote found), GitHub repo — not independently corroborated.
  • custodians: Specific custodian for Hastra's own on-chain YLDS reserve (backing wYLDS/PRIME, as opposed to FCC's underlying Treasury/repo reserve) not disclosed; checked help.hastra.io/wylds/what-is-wylds, hastra.io/terms, GitHub vault repo.
  • tax treatment: No PRIME/wYLDS-specific tax guidance (1099, K-1, withholding, pass-through) found; checked ylds.com, hastra.io/terms, help.hastra.io, SEC Form 497 prospectus — only underlying YLDS debt-instrument tax characterization located.

Fees

3 facts
FeeRate
performance
Performance fee charged on PRIME is 0% (no performance/carry fee is taken by the issuer or protocol).
Evidence · 1 source
https://app.rwa.xyz/assets/PRIME ↗
“Performance Fees 0 %”

Verifier note confirmed — The live RWA.xyz asset page for PRIME explicitly lists “Performance Fees 0 %.” This directly supports that PRIME has a 0% performance fee. The page separately discloses a 50 bps Hastra platform fee deducted from yield, but does not characterize it as a performance or carry fee, so it does not contradict the specific performance-fee claim. | quote: "Management Fees 0 % Performance Fees 0 % Other Fees Hastra platform fee of 50 bps deducted from yield."

platform
0.50disputed×5
Evidence · 2 sources
https://help.hastra.io/prime/how-is-the-prime-rate-determined ↗
“PRIME Rate = HELOC+ Utilization Rate − 0.50%”
https://help.hastra.io/prime/how-is-the-prime-rate-determined ↗
“the Democratized Prime HELOC+ utilization rate, minus a 0.50 percent Hastra platform fee.”

Verifier note panel 3/3 confirmed (agreement=5, disputed) | openai/gpt-5.6-terra: confirmed — The fetched Hastra PRIME documentation explicitly states that PRIME earns the HELOC+ utilization rate minus a “0.50 percent Hastra platform fee.” It further defines “0.50%” as “the annual Hastra platf | anthropic/claude-sonnet-5: confirmed — The re-fetched source explicitly states the value multiple times: 'PRIME Rate = HELOC+ Utilization Rate − 0.50%' and 'minus a 0.50 percent Hastra platform fee', with an FAQ titled 'What is the 0.50 pe | google/gemini-3.6-flash: confirmed — The source explicitly states multiple times that the annual Hastra platform fee is 0.50% (0.50 percent), which is deducted from the Democratized Prime HELOC+ utilization rate to calculate the PRIME ra

management
0unverified
Evidence · 1 source
https://docs.hastra.io/products/hastra-prime ↗
“No deposit or withdrawal fees are charged by the protocol”

Redemption

1 facts
wylds usdc
Two-step Request/Fulfill: requestRedeem burns wYLDS into a pending RedemptionRequest; an operator later calls completeRedeem once USDC has been bridged via Circle's CCTP, subject to banking-hours delays and a roughly $2,000 batching minimum.
Evidence · 1 source
https://help.hastra.io/integration-guides/hastra-sol-programmatic-integration-guide ↗
“requestRedeem … burns wYLDS … creates a RedemptionRequest PDA … completeRedeem once USDC has been bridged via Circle's CCTP … may be subject to banking-hours delays.”

Verifier note panel 3/3 confirmed (agreement=1) | openai/gpt-5.6-terra: confirmed — The fetched integration guide expressly describes the wYLDS→USDC leg as an admin/operator-mediated two-step `request_redeem` / `complete_redeem` flow. It states that `requestRedeem` burns wYLDS and cr | anthropic/claude-sonnet-5: confirmed — The fetched page explicitly describes the two-step operator-mediated request_redeem/complete_redeem flow: requestRedeem burns wYLDS and creates a RedemptionRequest PDA; the operator later calls comple | google/gemini-3.6-flash: confirmed — The provided source directly supports all elements of the claim: converting wYLDS back to USDC is an admin-mediated two-step request_redeem / complete_redeem flow where requestRedeem burns wYLDS and c

Minimum2000

Risks

3 facts
Exit risk
Hastra's Terms of Use warn that unstaking wYLDS from PRIME 'may be subject to delays, lock-up periods, or other restrictions,' so redemption is not guaranteed to be immediate. The wYLDS-to-USDC exit is a two-step process -- a requestRedeem that burns wYLDS into a pending RedemptionRequest, followed by an operator-executed completeRedeem once USDC has been bridged via Circle's CCTP. No specific cap, notice period, or maximum queue time is disclosed.×2
Evidence · 2 sources
https://hastra.io/terms ↗
“Unstaking wYLDS from PRIME may be subject to delays, lock-up periods, or other restrictions.”
https://help.hastra.io/integration-guides/hastra-sol-programmatic-integration-guide ↗
“requestRedeem … burns wYLDS … creates a RedemptionRequest PDA … the off-ramp vault may not yet hold sufficient USDC.”

Verifier note panel 1/3 confirmed (agreement=2) | trimmed uncited claims (3) and re-confirmed | openai/gpt-5.6-terra: unsupported — The Terms expressly support the warning that unstaking wYLDS from PRIME may involve delays, lock-ups, or restrictions. The integration guide also supports the operator-mediated two-step wYLDS→USDC flo | anthropic/claude-sonnet-5: unsupported — The Terms of Use quote is verified verbatim ('Unstaking wYLDS from PRIME may be subject to delays, lock-up periods, or other restrictions.' appears under Liquidity Risk). The two-step requestRedeem/co | openai/gpt-5.6-terra: confirmed — The Terms expressly state that unstaking wYLDS from PRIME may face “delays, lock-up periods, or other restrictions.” The integration guide separately confirms that the USDC exit leg is operator-mediat

Credit / counterparty
PRIME holders carry indirect credit exposure to the individual homeowner-borrowers who must keep paying interest for yield to flow through. Holders also carry secondary credit exposure to Figure Certificate Company (FCC), the unsecured issuer of the YLDS security that wYLDS wraps.×2
Evidence · 3 sources
https://hastra.io/prime-roots ↗
“PRIME yield flows from actual loan interest paid by real estate borrowers.”
https://www.figure.com/blog/how-democratized-prime-generates-yield-where-the-interest-comes-from/','quote':'The ↗
“The borrower is obligated to remove collateral that becomes non-performing (e.g., loans that become 60+ days delinquent).”
https://www.ylds.com/ ↗
“YLDS are unsecured face-amount certificates and solely backed by the assets of Figure Certificate Company (FCC).”

Verifier note panel 1/3 confirmed (agreement=2) | trimmed uncited claims (5) and re-confirmed | openai/gpt-5.6-terra: unsupported — The sources support that PRIME is described as HELOC-backed; Figure Technologies originates the HELOCs; borrower interest is described as flowing to PRIME; PRIME yield reflects underlying-HELOC perfor | anthropic/claude-sonnet-5: unsupported — The claim rests on three source quotes, but only two of the three cited URLs were actually re-fetched: hastra.io/prime-roots and ylds.com. The hastra.io page does contain the quoted phrase 'PRIME yiel | openai/gpt-5.6-terra: confirmed — Hastra states that PRIME is collateralized by HELOC loans, that real-estate borrowers’ interest payments flow to PRIME holders, and that PRIME yield reflects underlying HELOC-collateral performance an

Hack / smart contract
Hastra's Solana vault-mint and vault-stake programs, which mint and redeem PRIME/wYLDS, were audited by Informal Systems (engaged September 2025), which identified 9 findings -- 1 Critical, 4 Medium, 2 Low, and 2 Informational.×2
Evidence · 2 sources
https://hastra.io/Hastra_vault-mint_%26_vault-stake_Solana_Programs_Summary_Audit_Report.pdf ↗
“Our initial assessment identified 9 findings across various severity levels: 1 Critical, 4 Medium, 2 Low, and 2 Informational. … All findings were thoroughly resolved”
https://github.com/provenance-io/hastra-sol-vault ↗
“every deployment goes through the M-of-N multisig approval process.”

Verifier note panel 1/3 confirmed (agreement=2) | trimmed uncited claims (9) and re-confirmed | openai/gpt-5.6-terra: unsupported — The audit-report source supports that Informal Systems was engaged in September 2025; that the two Solana programs mint/redeem wYLDS and PRIME in the described vault architecture; that the initial aud | anthropic/claude-sonnet-5: unsupported — The only source actually re-fetched with live content is the Informal Systems audit PDF, which does confirm the core audit facts: engagement began September 2025, 9 findings (1 Critical, 4 Medium, 2 L | openai/gpt-5.6-terra: confirmed — The audit-report PDF supports each material element: it states that Figure engaged Informal Systems in September 2025 to audit the Hastra vault-mint and vault-stake Solana programs; describes vault-mi

Eligibility

No sourced facts.

Searched, not found

  • min investment: Checked hastra.io/terms, hastra.io/prime-roots, docs.hastra.io, help.hastra.io -- no minimum investment/subscription amount for PRIME was found; only a $250-held-for-30-days threshold for the separate 'Prime Roots' rewards program was located, which is not an investment minimum.

Documents

7 facts
ProspectusFigure Certificate Company (FCC) SEC Form 497 prospectus for YLDS face-amount certificates, describing them as registered under the Investment Company Act of 1940.2026-07-28 ↗
Evidence · 2 sources
https://www.sec.gov/Archives/edgar/data/1974395/000149315226018903/form497.htm ↗
“registered ... under the Investment Company Act”
https://www.sec.gov/Archives/edgar/data/1974395/000094787125000216/ss4476065_497.htm ↗
“Figure Certificate Company was organized as a Delaware corporation on April 13, 2023.”

Verifier note panel 2/2 confirmed (agreement=2) | openai/gpt-5.6-terra: confirmed — Both fetched SEC Form 497 prospectuses identify the issuer as Figure Certificate Company and expressly state that FCC is “a face-amount certificate company registered with the U.S. Securities and Exch | anthropic/claude-sonnet-5: confirmed — The core assertion—that the FCC/YLDS prospectus (SEC Form 497) describes the Figure Certificates as issued by a face-amount certificate company registered under the Investment Company Act of 1940—is d

ProspectusFigure Certificate Company (FCC) SEC Form 497 prospectus for YLDS face-amount certificates, describing them as registered under the Investment Company Act of 1940.2026-07-28 ↗
Evidence · 2 sources
https://www.sec.gov/Archives/edgar/data/1974395/000149315226018903/form497.htm ↗
“registered ... under the Investment Company Act”
https://www.sec.gov/Archives/edgar/data/1974395/000094787125000216/ss4476065_497.htm ↗
“Figure Certificate Company was organized as a Delaware corporation on April 13, 2023.”

Verifier note panel 2/2 confirmed (agreement=2) | openai/gpt-5.6-terra: confirmed — Both fetched SEC Form 497 prospectuses identify the issuer as Figure Certificate Company and expressly state that FCC is “a face-amount certificate company registered with the U.S. Securities and Exch | anthropic/claude-sonnet-5: confirmed — The core assertion—that the FCC/YLDS prospectus (SEC Form 497) describes the Figure Certificates as issued by a face-amount certificate company registered under the Investment Company Act of 1940—is d

DocumentFigure Technology Solutions press release (2025-12-04) announcing the RWA consortium launch on Solana, including PRIME as 'a new liquid staking product built on top of Hastra.'2026-07-28 ↗
Evidence · 2 sources
https://www.globenewswire.com/news-release/2025/12/04/3199853/0/en/Ievents ↗
“PRIME, the liquid staking token built on the Hastra liquidity protocol.”
https://investors.figure.com/node/7201/pdf ↗
“over $19 Billion”
+ 4 more documents
DocumentFigure Technology Solutions press release (2025-12-04) announcing the RWA consortium launch on Solana, including PRIME as 'a new liquid staking product built on top of Hastra.'2026-07-28 ↗
Evidence · 2 sources
https://www.globenewswire.com/news-release/2025/12/04/3199853/0/en/Ievents ↗
“PRIME, the liquid staking token built on the Hastra liquidity protocol.”
https://investors.figure.com/node/7201/pdf ↗
“over $19 Billion”
AuditSherlock collaborative security audit report of the Hastra protocol (March-April 2026).2026-04-01 ↗
Evidence · 1 source
https://hastra.io/sherlock-hastra-audit.pdf ↗
“Hastra is a DeFi protocol built by Figure Technologies, a fintech company focused on blockchain-based financial products and is operated by the Provenance Blockchain Foundation.”

Verifier note panel 3/3 confirmed (agreement=1) | openai/gpt-5.6-terra: confirmed — The fetched PDF identifies itself as a “Security Review For Figure” and “Collaborative Audit Prepared For: Figure,” and its executive summary expressly states that “Across two collaborative engagement | anthropic/claude-sonnet-5: confirmed — The cited PDF is titled 'Security Review For Figure' and explicitly states it is a collaborative audit report by Sherlock for the Hastra protocol, with the introduction containing the exact quoted sen | google/gemini-3.6-flash: confirmed — The quoted text appears verbatim in Section 1 (Introduction) of the Sherlock audit report for the Hastra protocol (with a minor formatting artifact 'Fou ndation' in the raw text extraction).

Rejected facts (99)
The Underlying · Composition
PRIME is backed 1:1 by wYLDS, which is backed 1:1 by YLDS held in Hastra's reserve. YLDS is an SEC-registered face-amount certificate of Figure Certificate Company (FCC), backed solely by FCC's own asset portfolio — short-duration U.S. Treasury bills and Treasury repurchase agreements (formerly prime-money-market-fund-style securities). As of 2026-03-31, FCC's approximately $600.8 million portfolio was about 64.84% UMB Bank overnight Treasury repo, 34.77% Treasury bills, and 0.39% Goldman Sachs Financial Square Treasury money-market fund. PRIME's own yield, distinct from this reserve backing, is generated separately by deploying staked wYLDS into Figure's 'Democratized Prime' HELOC+ lending pool.disputed×5
Evidence · 8 sources
https://help.hastra.io/wylds/what-is-wylds ↗
“Each wYLDS is backed 1:1 with YLDS held in Hastra's reserve”
https://www.sec.gov/Archives/edgar/data/1974395/000197439526000008/fcc-20260331.htm ↗
“Total ... $600,824”
https://www.sec.gov/Archives/edgar/data/1974395/000197439526000008/fcc-20260331.htm ↗
“UMB Bank N.A. ... 389,556”
https://www.sec.gov/Archives/edgar/data/1974395/000197439526000008/fcc-20260331.htm ↗
“United States Treasury Bill”
https://www.sec.gov/Archives/edgar/data/1974395/000197439526000008/fcc-20260331.htm ↗
“Goldman Sachs Financial Square ... 2,362”
https://www.ylds.com/ ↗
“YLDS are unsecured face-amount certificates and solely backed by the assets of Figure Certificate Company (FCC).”
https://www.cube.exchange/what-is/ylds ↗
“economics tied to securities similar to those held by prime money market funds and later to short-term Treasury securities and repo involving Treasuries.”
https://help.hastra.io/prime/what-is-prime-(staked-wylds) ↗
“Real Assets: Backed by actual home equity lines of credit.”

Verifier note panel 1/4 confirmed (agreement=5, disputed) | openai/gpt-5.6-terra: unsupported — The fetched Hastra materials support that users stake/deposit wYLDS to receive PRIME, and that PRIME’s stated yield source is Demo/“Democratized Prime” HELOC lending. They also support Hastra’s stated | anthropic/claude-sonnet-5: unsupported — Several sub-claims are corroborated by the union of fetched sources: wYLDS being backed 1:1 by YLDS (Hastra help page verbatim), YLDS being an SEC-registered face-amount certificate issued by FCC and | google/gemini-3.6-flash: confirmed — All material claims in the narrative are supported by the provided sources: 1) Hastra's documentation confirms that wYLDS is backed 1:1 by YLDS in Hastra's reserve, and PRIME represents staked wYLDS. | openai/gpt-5.6-terra: contradicted — The Hastra page supports the stated mechanism as a Hastra representation: each wYLDS is said to be backed 1:1 by YLDS in Hastra’s reserve. YLDS’s site supports that YLDS is an unsecured face-amount ce

Legal & Regulatory Structure · Tax treatment
PRIME-level tax treatment is undisclosed; underlying YLDS certificates are treated as debt instruments for US federal tax purposes, with interest income paid monthly, but no source confirms pass-through treatment to wYLDS or PRIME holders.×2
Evidence · 2 sources
https://www.sec.gov/Archives/edgar/data/1974395/000149315226018903/form497.htm ↗
“debt instruments”
https://www.ylds.com/ ↗
“Interest is paid in kind on the first business day of the month. Customers may also elect to receive interest in U.S. dollars.”

Verifier note panel 0/2 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The fetched materials support that YLDS/Figure Certificates are interest-bearing debt/fixed-income securities and that interest is paid monthly (with YLDS interest paid in kind on the first business d | anthropic/claude-sonnet-5: unsupported — The ylds.com quote about interest being paid in kind on the first business day of the month is confirmed verbatim in the fetched FAQ. However, the SEC filing quote 'debt instruments' is not actually p

Custody & Verification · Attestations
Hastra maintains a public, continuously-updated 'Proof of Reserves' page (hastra.io/proof-of-reserves) that displays on-chain sweep/vault addresses and balances for the wYLDS, Provenance, and Figure Markets Democratized Prime legs underlying PRIME, functioning as an ongoing self-published reserve attestation rather than a periodic third-party audit.
Evidence · 1 source
https://hastra.io/proof-of-reserves ↗
“## Proof of Reserves As of 10:11:06 PM ... Figure Markets Democratized Prime 1. Sweep Address: ... 4. 24 hr Earnings: 73,798.57 5. Total Earnings: 14,099,594.93”

Verifier note unsupported — The fetched page does support that Hastra has a public page titled “Proof of Reserves” and shows fields for wYLDS, Provenance, and Figure Markets Democratized Prime, including a Provenance vault-address label and a Figure Markets sweep-address label. However, the actual addresses are absent from the fetched content, and the source does not establish that the page is continuously updated, that the displayed items are on-chain addresses/balances, or that it constitutes an ongoing self-published reserve attestation rather than a periodic third-party audit. Those characterizations exceed the evidence provided. | quote: "## Proof of Reserves As of 10:11:06 PM ### ... Provenance 1. **Vault Address:** 2. **YLDS Balance:** 848,919.65 3. **USDC Balance:** 0.05 ### ... Democratized Prime 1. **Sweep Address:** 4. **24 hr Earnings:** 73,798.57"

Fees · Fee schedule
Subscription (mint) fee for acquiring PRIME is 0%, charged by neither issuer nor protocol; subscription time is listed as instant.
Evidence · 1 source
https://app.rwa.xyz/assets/PRIME ↗
“Subscription Time Instant Min. Investment — Subscription Fees 0 %”

Verifier note unsupported — The fetched RWA.xyz page explicitly supports that PRIME has a 0% subscription fee and an instant subscription time. However, it does not establish the stronger attribution that the fee is charged by “neither issuer nor protocol.” Moreover, the page lists a separate “Hastra platform fee of 50 bps deducted from yield,” so the broad no-fee attribution is not supported by the cited content. | quote: "Subscription Time Instant Min. Investment — Subscription Fees 0 %"

Custody & Verification · Attestations
No PRIME-level proof-of-reserves attestation exists; underlying YLDS/FCC reserves are reported quarterly in SEC filings and audited annually by an unnamed 'Big Four' accounting firm.×2
Evidence · 2 sources
https://www.ylds.com/ ↗
“Annual audit: Big Four Audited.”
https://docs.hastra.io/architecture/underlying-assets ↗
“SEC-registered face-amount certificate company”

Verifier note panel 1/2 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The YLDS homepage directly supports that YLDS reserves are reported quarterly in financial statements/public periodic reports filed with the SEC, and it states both “Annual audit: Big Four Audited” an | anthropic/claude-sonnet-5: confirmed — The re-fetched ylds.com page directly supports both cited quotes and the substance of the claim. It explicitly states 'Annual audit: Big Four Audited' and 'Registered security. Audits from a Big Four

Fees · Fee schedule
Redemption fee for PRIME is 0%, charged by neither issuer nor protocol; redemption time is listed as instant.
Evidence · 1 source
https://app.rwa.xyz/assets/PRIME ↗
“Redemption Time Instant Minimum Redemption Amount — Redemption Fees 0 %”

Verifier note unsupported — The source explicitly lists PRIME's Redemption Time as “Instant” and Redemption Fees as “0 %,” supporting those portions. However, it does not establish that the fee is charged by neither the issuer nor the protocol. Moreover, it discloses a separate “Hastra platform fee of 50 bps deducted from yield,” so the broad characterization of no issuer/protocol charge is not supported by the cited content. | quote: "Redemption Time Instant Minimum Redemption Amount — Redemption Fees 0 %"

Redemption · Exit paths
Standard redemption path: holders unstake PRIME at any time, with the vault burning PRIME and returning wYLDS 1:1; redemption is listed as instant, with 0% redemption fee and no stated minimum redemption amount or cap; yield accrued continuously is realized upon unstaking.
Evidence · 2 sources
https://tokenterminal.com/explorer/projects/hastra/prime ↗
“PRIME can be unstaked back to wYLDS at any time with no permanent lock-up, the vault burning PRIME and returning wYLDS. No minimum redemption amounts apply.”
https://app.rwa.xyz/assets/PRIME ↗
“Subscription Time Instant Min. Investment — Subscription Fees 0 % Subscription Description — Redemption Time Instant Minimum Redemption Amount — Redemption Fees 0 % ”

Verifier note unsupported — The re-fetched RWA.xyz page supports only that redemption time is listed as “Instant,” the minimum redemption amount is shown as “—,” and redemption fees are 0%. It does not establish that holders unstake PRIME at any time, that a vault burns PRIME and returns wYLDS 1:1, that there is no redemption cap, or that continuously accrued yield is realized upon unstaking. The alleged Token Terminal excerpt was not included in the live re-fetched content, so those additional mechanics cannot be verified from the provided material. | quote: "Redemption Time Instant Minimum Redemption Amount — Redemption Fees 0 %"

Custody & Verification · Custodians
Figure Certificate Company (FCC), issuer of the YLDS/wYLDS certificates underlying Democratized Prime (which PRIME deposits into), is required by its SEC-filed Custody Agreement to hold 'required reserves' (per Section 28(a) of the Investment Company Act of 1940) with a qualified bank/trust custodian, structured as a face-amount certificate company under Section 4(1) of the 1940 Act. The custodian holds securities, underlying shares, and monies for FCC's benefit but is contractually not responsible for verifying FCC's compliance with the required-reserves calculation itself.
Evidence · 1 source
https://www.sec.gov/Archives/edgar/data/1974395/000094787124001020/ss4251940_ex10c.htm ↗
“The Fund shall, from time to time, deliver to and maintain with Custodian (and, in the Fund's sole discretion, one or more additional custodians) qualified investments having at all times an aggregate value at least equal to the amount the Fund is required to maintain as reserves pursuant to Section 28(a) of the 1940 Act”

Verifier note unsupported — The filing supports that Figure Certificate Company is the “Fund,” is a face-amount certificate company under Section 4(1) of the 1940 Act, must maintain Section 28(a) required reserves with its Custodian (and potentially additional custodians), and that the Custodian is not responsible for ensuring compliance with required reserves. It also defines Assets as securities, underlying shares, monies, and other property held for the Fund’s benefit. However, the agreement leaves the Custodian unidentified as “[CUSTODIAN]” and does not establish that FCC itself is a custodian. Nor does the provided content establish that FCC issues YLDS/wYLDS, that those certificates underlie Democratized Prime, or that PRIME deposits into them. “Qualified bank/trust custodian” is also not stated verbatim, though the agreement says the Custodian has qualifications prescribed by Section 26(a)(1). | quote: "“The Fund shall, from time to time, deliver to and maintain with Custodian (and, in the Fund's sole discretion, one or more additional custodians) qualified investments having at all times an aggregate value at least equal to the amount the Fund is required to maintain as reserves pursuant to Sectio"

Documents · Source documents
The Figure Certificates (YLDS/wYLDS) underlying PRIME's Democratized Prime structure are offered under a formal SEC prospectus ("Figure Certificate Company Prospectus," dated February 20, 2025, SEC EDGAR filing), which discloses that the Certificates are unsecured, solely backed by the assets of Figure Certificate Company, are not bank deposits or FDIC-insured, and will not be listed on any national securities exchange (though Figure Transferable Certificates may trade on a registered ATS or peer-to-peer on the Provenance Blockchain).
Evidence · 1 source
https://www.sec.gov/Archives/edgar/data/1974395/000094787125000216/ss4476065_497.htm ↗
“Figure Certificate Company Prospectus Dated February 20, 2025... Figure Certificates (as defined below) are unsecured and solely backed by the assets of Figure Certificate Company.”

Verifier note unsupported — The cited SEC prospectus directly supports the prospectus date, the Certificates’ unsecured status and sole backing by FCC assets, the non-bank/non-deposit/non-FDIC-insured disclosures, and the exchange/ATS/peer-to-peer trading statements. However, the provided source does not establish the claim’s linkage that these Certificates are specifically the YLDS/wYLDS instruments “underlying PRIME’s Democratized Prime structure.” The source refers to Figure Transferable and Figure Installment Certificates, but does not mention PRIME, Democratized Prime, YLDS, or wYLDS. Thus the compound claim as stated is not fully supported by the provided content. | quote: "“Figure Certificates (as defined below) are unsecured and solely backed by the assets of Figure Certificate Company.”"

The Underlying · Holdings
Figure 'Democratized Prime' HELOC+ home-equity lending pool — the yield-generating asset for PRIME; its weight relative to total protocol assets is not separately disclosed.×4
Evidence · 2 sources
https://help.hastra.io/prime/what-is-prime-(staked-wylds) ↗
“Real Assets: Backed by actual home equity lines of credit.”
https://help.hastra.io/prime/what-is-prime-(staked-wylds) ↗
“Demo Prime (DP): Lends to real estate borrowers using HELOC products.”

Verifier note panel 1/3 confirmed (agreement=4) | openai/gpt-5.6-terra: unsupported — The fetched Hastra page supports that PRIME yield comes from Demo Prime’s real-world HELOC lending: it says DP “lends to real estate borrowers using HELOC products,” that PRIME is “backed by actual ho | anthropic/claude-sonnet-5: confirmed — The re-fetched page confirms the core assertions: PRIME's yield originates from 'Demo Prime (DP)' which 'Lends to real estate borrowers using HELOC products' and is 'Backed by actual home equity lines | google/gemini-3.6-flash: unsupported — The provided source confirms that Demo Prime / Democratized Prime is a yield-generating HELOC lending pool that backs PRIME. However, the source does not mention 'Figure' as the provider/entity behind

Fees · Fee schedule
Hastra charges a platform fee of 50 basis points (0.50% annualized), deducted directly from the yield distributed to PRIME holders before it reaches them (i.e., taken from the spread between the Democratized Prime pool clearing rate/wYLDS interest and the rate paid to holders).
Evidence · 1 source
https://app.rwa.xyz/assets/PRIME ↗
“Other Fees Hastra platform fee of 50 bps deducted from yield.”

Verifier note unsupported — The live RWA.xyz page expressly supports that Hastra charges a 50 bps platform fee and that it is deducted from yield. However, it does not establish that 50 bps means “0.50% annualized,” nor does it specify the claimed mechanics that the fee is taken before distribution to PRIME holders from the spread between the Democratized Prime pool clearing rate/wYLDS interest and the holder rate. Those additional details make the full claim more specific than the cited source supports. | quote: "Other Fees Hastra platform fee of 50 bps deducted from yield."

Redemption · Exit paths
Beneath the instant PRIME-to-wYLDS redemption, Hastra's Proof of Reserves page shows a live "wYLDS pending redemption" balance (339,294.36 wYLDS observed July 2026) on the Provenance leg, indicating that final settlement of wYLDS into USDC/underlying cash can involve a queued/pending step rather than being instantaneous at every layer.
Evidence · 1 source
https://hastra.io/proof-of-reserves ↗
“wYLDS pending redemption: 339,294.36”

Verifier note unsupported — The live Proof of Reserves page does show a Provenance-line item labeled “wYLDS pending redemption” with a balance of 339,294.36. This supports the narrow observation that a pending-redemption balance existed. However, the source does not state that PRIME-to-wYLDS redemption is instant, does not identify the pending amount as final settlement into USDC or underlying cash, and does not explain that this balance represents a queue or establish a non-instantaneous settlement process “at every layer.” The stated July 2026 observation date is also not evidenced by the page content provided. | quote: "**wYLDS pending redemption:** 339,294.36"

Legal & Regulatory Structure · Vehicle
The wYLDS/YLDS leg underlying PRIME's Democratized Prime structure is issued as "Figure Certificates" by Figure Certificate Company (FCC), a wholly-owned indirect subsidiary of Figure Markets Holding Inc. (FMHI), which is itself a wholly-owned subsidiary of Nasdaq-listed Figure Technology Solutions, Inc. (FTS) following an August 2025 corporate recombination and FTS's IPO on September 12, 2025.
Evidence · 1 source
https://www.sec.gov/Archives/edgar/data/1974395/000149315225014698/form424b3.htm ↗
“FMHI indirectly, through its wholly-owned subsidiary, owns all of the equity of FCC... In August 2025, FTS and FMHI recombined their businesses... FMHI became a wholly-owned subsidiary of FTS. Subsequently, on September 12, 2025, FTS completed its initial public offering.”

Verifier note unsupported — The filing supports FCC’s ownership chain and the August 2025 recombination / September 12, 2025 IPO chronology. However, it does not mention wYLDS, YLDS, PRIME, or a “Democratized Prime” structure, nor does it establish that any wYLDS/YLDS leg is issued as Figure Certificates. Therefore the full claim is not established by the provided source. | quote: "“FMHI indirectly, through its wholly-owned subsidiary, owns all of the equity of FCC, comprised of 1,000 shares of common stock. In August 2025, FTS and FMHI recombined their businesses through a series of transactions. As a result of this recombination, FMHI became a wholly-owned subsidiary of FTS."

Redemption · Exit paths
Alternative exit path: instead of using Hastra's native unstake function, PRIME holders can sell PRIME directly on secondary-market DEX liquidity pools — Raydium and Orca on Solana, and Uniswap V3 on Ethereum (PRIME/USDC pair) — for instant settlement at the prevailing pool price rather than the protocol's NAV-based redemption rate. This path has no protocol-imposed minimum or cap, but pricing is subject to pool liquidity/slippage and DEX trading fees (not disclosed by Hastra) rather than Hastra's stated 0% redemption fee.
Evidence · 2 sources
https://hastra.io/wylds ↗
“Use or redeem for USDC Easily redeem your wYLDS through Hastra, or swap for USDC in Raydium or Uniswap”
https://holder.io/coins/prime-4-2/ ↗
“Hastra PRIME (PRIME) trades on Uniswap V3, Orca, and Raydium (CLMM).”

Verifier note unsupported — The live Hastra page supports only that wYLDS—not PRIME—may be redeemed through Hastra or swapped for USDC on Raydium or Uniswap. It does not establish PRIME liquidity, Orca, Uniswap V3 or a PRIME/USDC Ethereum pair, nor the asserted instant settlement, prevailing-pool-price mechanics, absence of protocol minimums/caps, slippage/liquidity exposure, or fee comparison. No live content from the holder.io citation is provided. | quote: "Easily redeem your wYLDS through Hastra, or swap for USDC in Raydium or Uniswap"

Documents · Source documents
Hastra publishes a public help/documentation center (help.hastra.io) containing explanatory articles on PRIME and wYLDS ("What is PRIME (Staked wYLDS)?", "How Is the PRIME Rate Determined?"), integration guides for Solana and Ethereum, and a dedicated risk-disclosure article ("Risks Article"), serving as the issuer's primary user-facing documentation set rather than a formal legal prospectus.
Evidence · 1 source
https://help.hastra.io ↗
“Understanding wYLDS and PRIME: Hastra's Ecosystem ... What is PRIME (Staked wYLDS)? ... How Is the PRIME Rate Determined? ... Hastra ETH Programmatic Integration Guide ... Hastra SOL Programmatic Integration Guide ... Understanding DeFi Lending ... Risks Article”

Verifier note unsupported — The fetched help.hastra.io page confirms that Hastra operates a public help center and lists the specified PRIME, integration, and risk articles. However, it does not establish that this is the issuer’s “primary” user-facing documentation set, nor does it state that the materials are provided “rather than a formal legal prospectus.” Those comparative/characterization elements are unsupported by the supplied content. | quote: "❔ What is PRIME (Staked wYLDS)? ... 🔣 How Is the PRIME Rate Determined? ... 🛠️ Integration Guides ... 📘 Hastra ETH Programmatic Integration Guide ... 📗 Hastra SOL Programmatic Integration Guide ... 📚 DeFi Guides ... 📃 Risks Article"

Documents · Source documents
Figure Technology Solutions, Inc. Form 10-Q for the quarter ended 2026-03-31, identifying Signum Ltd. (dba Hastra) and its relationship to Figure/YLDS.
Evidence · 1 source
https://www.sec.gov/Archives/edgar/data/2064124/000206412426000029/figr-20260331.htm ↗
“Signum Ltd. (dba Hastra)”

Verifier note panel 0/3 confirmed (agreement=1) | openai/gpt-5.6-terra: unsupported — The fetched SEC filing content is consistent with a Figure filing for the period ending 2026-03-31 (CIK 0002064124 and dates shown), but the supplied fetched text does not contain the claimed quotatio | anthropic/claude-sonnet-5: unsupported — The fetched content from the cited SEC URL consists solely of XBRL context/tag definitions (dates, entity IDs, member tags) and contains no narrative text at all. Nowhere in the retrieved content does | google/gemini-3.6-flash: unsupported — The re-fetched text from the cited SEC Form 10-Q filing (figr-20260331.htm) does not contain any reference to 'Signum Ltd.' or 'Hastra'.

Issuer · Service providers
Figure Technology Solutions, Figure Certificate Company, Figure Investment Advisors LLC, Figure Equity Solutions Inc., Chainlink (Data Streams oracle), Copper (institutional custody), Informal Systems (security audit)×4
Evidence · 5 sources
https://www.ylds.com/ ↗
“Figure Equity Solutions, Inc. is an SEC-registered transfer agent that … manages and records YLDS issuances.”
https://www.ylds.com/ ↗
“Reserves for YLDS are managed by Figure Investment Advisors, LLC, a registered investment advisor”
https://github.com/provenance-io/hastra-sol-vault ↗
“Both vault-stake (PRIME) and vault-stake-auto (AUTO) use a Chainlink Data Streams price feed for the share token vs wYLDS rate at deposit and redeem time”
https://www.crowdfundinsider.com/2026/07/291718-ylds-an-sec-registered-transferable-security-now-offered-via-coppers-custody-platform/','quote'placeholder ↗
“integrated YLDS into the latter's institutional custody services.”
https://hastra.io/Hastra_vault-mint_%26_vault-stake_Solana_Programs_Summary_Audit_Report.pdf ↗
“In September 2025, Figure engaged Informal Systems to conduct a comprehensive security audit”

Verifier note panel 0/3 confirmed (agreement=4) | openai/gpt-5.6-terra: unsupported — The fetched YLDS homepage expressly supports Figure Equity Solutions, Inc. as the SEC-registered transfer agent managing/recording YLDS issuances and transfers, and Figure Investment Advisors, LLC as | anthropic/claude-sonnet-5: unsupported — The claim lists seven service providers. Of these, three are supported by the re-fetched content: Figure Certificate Company (named as issuer, e.g., 'YLDS and its issuer, Figure Certificate Company'), | google/gemini-3.6-flash: unsupported — While Figure Certificate Company, Figure Investment Advisors LLC, Figure Equity Solutions Inc., and Informal Systems are verified by the fetched sources, the remaining listed service providers are not

Issuer · What the issuer does
Hastra is a DeFi protocol incubated by Figure Technologies, Inc. and the Provenance Blockchain Foundation that wraps Figure's SEC-registered yield-bearing security YLDS into on-chain tokens (wYLDS, PRIME, AUTO) and channels yield from Figure's home-equity (HELOC) lending business to token holders, taking a 0.50% annual platform fee. Figure itself is a Nasdaq-listed (FIGR) blockchain-based lender that has originated over $19 billion of home equity to date.×6
Evidence · 4 sources
https://app.rwa.xyz/platforms/hastra ↗
“Hastra is incubated by Figure Technologies and Provenance Blockchain Foundation … to enable unprecedented usability of real-world assets that exist natively onchain.”
https://www.globenewswire.com/news-release/2025/12/04/3199853/0/en/Figure-and-Leading-Crypto-Partners-Launch-RWA-Consortium-for-Onchain-Finance-on-Solana.html ↗
“over $19 Billion of home equity to date”
https://help.hastra.io/prime/how-is-the-prime-rate-determined ↗
“PRIME Rate = HELOC+ Utilization Rate − 0.50% … The rate adjusts continuously, block by block.”
https://github.com/provenance-io/hastra-sol-vault ↗
“The Hastra Vault workspace ships three Anchor programs: vault-mint, vault-stake, and vault-stake-auto.”

Verifier note panel 0/4 confirmed (agreement=6) | openai/gpt-5.6-terra: unsupported — The fetched RWA.xyz page confirms that Hastra is incubated by Figure Technologies and the Provenance Blockchain Foundation. The Hastra help page confirms that PRIME is supplied to a HELOC+ lending poo | anthropic/claude-sonnet-5: unsupported — Two of the four cited URLs (the GlobeNewswire release and the GitHub repo) were not actually re-fetched—no live content for them was provided—so their claims cannot be verified against the union of fe | google/gemini-3.6-flash: unsupported — While the fetched sources confirm that Hastra was incubated by Figure Technologies and the Provenance Blockchain Foundation, utilizes tokens (wYLDS, PRIME, AUTO), channels yield from HELOC lending, an | openai/gpt-5.6-terra: unsupported — The fetched RWA.xyz page supports that Hastra is incubated by Figure Technologies and the Provenance Blockchain Foundation. The Hastra help page supports that Hastra charges PRIME holders a 0.50% annu

Legal & Regulatory Structure · Regime
YLDS is SEC-registered under the Investment Company Act of 1940 as a face-amount certificate (issuer FCC, CIK 1974395); PRIME/wYLDS are unregistered offshore DeFi tokens issued via Signum Ltd (BVI), with US persons and OFAC/OFSI-sanctioned parties excluded.×5
Evidence · 3 sources
https://www.crowdfundinsider.com/2026/07/291718- ↗
“YLDS represents a blockchain-based face-amount certificate officially registered with the US SEC under the Investment Company Act of 1940.”
https://hastra.io/terms ↗
“users must not be a resident, citizen, or person located in the United States of America or any U.S. territory.”
https://www.aoshearman.com/en/insights/ao-shearman-on-fintech-and-digital-assets/figure-certificate-company ↗
“YLDS are registered under Section 5 of the U.S. Securities Act of 1933 and Figure Certificate Company is registered as an investment company under the U.S. Investment Company Act of 1940.”

Verifier note panel 0/3 confirmed (agreement=5) | openai/gpt-5.6-terra: unsupported — The fetched Hastra terms support that Signum Ltd. is a BVI company providing the Hastra DeFi application/protocol; that access is barred to U.S. residents, citizens, and persons located in the United | anthropic/claude-sonnet-5: unsupported — The core claims about YLDS being SEC-registered under the Investment Company Act of 1940 as a face-amount certificate, issued by Figure Certificate Company (FCC), are supported by the CrowdfundInsider | google/gemini-3.6-flash: unsupported — The fetched content from hastra.io/terms supports that PRIME/wYLDS are DeFi tokens issued via Signum Ltd (BVI), that US persons and comprehensively sanctioned parties are excluded, and that YLDS is re

Issuer · Incidents & track record
No depeg, trading halt, lawsuit, or regulatory enforcement action against Hastra, PRIME, wYLDS, YLDS, or Figure Certificate Company has been found in public sources. Pre-launch, a September–November 2025 Informal Systems security audit of Hastra's Solana vault-mint/vault-stake programs found one Critical vulnerability, which was reported resolved before mainnet. Separately, Figure co-founder Mike Cagney resigned as SoFi's CEO in September 2017 amid workplace-culture and misconduct allegations, predating his role at Figure and Hastra.×4
Evidence · 2 sources
https://hastra.io/Hastra_vault-mint_%26_vault-stake_Solana_Programs_Summary_Audit_Report.pdf ↗
“Our initial assessment identified 9 findings across various severity levels: 1 Critical, 4 Medium, 2 Low, and 2 Informational. … All findings were thoroughly resolved”
https://en.wikipedia.org/wiki/Mike_Cagney ↗
“In September 2017, Cagney left SoFi after several workplace controversies, including allegations of misconduct and presiding over a toxic work environment.”

Verifier note panel 0/4 confirmed (agreement=4) | openai/gpt-5.6-terra: unsupported — The audit report supports that Figure engaged Informal Systems in September 2025; that the work ran from September 24 to November 18, 2025; that the initial review found nine issues including one Crit | anthropic/claude-sonnet-5: unsupported — The only source actually re-fetched and shown is the Hastra/Informal Systems audit PDF. That document fully supports the audit-related claims: it confirms the Sept 24–Nov 18, 2025 timeframe, the 9 ini | google/gemini-3.6-flash: unsupported — The provided fetched sources only include the Informal Systems audit report for Hastra's Solana programs. No source content was fetched to support the claims regarding Figure co-founder Mike Cagney's | openai/gpt-5.6-terra: unsupported — The audit report supports that Informal Systems audited the Hastra vault-mint and vault-stake Solana programs in two phases from September 24 to November 18, 2025; identified one Critical finding in t

Issuer · Backers
Figure Technologies, Provenance Blockchain Foundation, 10T Holdings, Morgan Creek Digital, Apollo Global Management, DST Global, Ribbit Capital, Digital Currency Group×5
Evidence · 2 sources
https://en.wikipedia.org/wiki/Figure_(blockchain_lender) ↗
“co-led by 10T Holdings and Morgan Creek Digital, with participation from Apollo Global Management, DST Global, Ribbit Capital, Digital Currency Group.”
https://app.rwa.xyz/platforms/hastra ↗
“Hastra is incubated by Figure Technologies and Provenance Blockchain Foundation”

Verifier note panel 0/3 confirmed (agreement=5) | openai/gpt-5.6-terra: unsupported — The fetched RWA.xyz content states only that Hastra is "incubated by Figure Technologies and Provenance Blockchain Foundation." It does not characterize them as backers or investors, and it provides n | anthropic/claude-sonnet-5: unsupported — The live re-fetch of app.rwa.xyz/platforms/hastra confirms only that 'Hastra is incubated by Figure Technologies and Provenance Blockchain Foundation,' matching the claimed quote for those two entitie | google/gemini-3.6-flash: unsupported — The re-fetched content from app.rwa.xyz confirms that Hastra is incubated by Figure Technologies and Provenance Blockchain Foundation. However, no re-fetched content was provided for the Wikipedia sou

Fees · Fee schedule
0×2
Evidence · 2 sources
https://docs.hastra.io/products/hastra-prime ↗
“No deposit or withdrawal fees are charged by the protocol”
https://help.hastra.io/integration-guides/hastra-sol-programmatic-integration-guide ↗
“The document contains no mention of deposit, redemption, or any other fees.”

Verifier note panel 0/2 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The only live-refetched content provided is the Solana integration guide. It describes deposit and redemption mechanics and exchange-rate calculations, but does not expressly state that mint/deposit o | anthropic/claude-sonnet-5: unsupported — Only one of the two cited sources was actually re-fetched (the Hastra SOL Programmatic Integration Guide). Its content is a detailed technical walkthrough of the mint (USDC→wYLDS), stake (wYLDS→PRIME)

Legal & Regulatory Structure · Bankruptcy remote
falsedisputed×3
Evidence · 2 sources
https://www.ylds.com/ ↗
“YLDS are unsecured face-amount certificates and solely backed by the assets of Figure Certificate Company (FCC).”
https://www.ylds.com/legal ↗
“FCC is not a bank, and the face-amount certificates … are not … insured by the Federal Deposit Insurance Corporation (FDIC).”

Verifier note panel 0/3 confirmed (agreement=3, disputed) | openai/gpt-5.6-terra: unsupported — The fetched pages confirm that YLDS are unsecured obligations solely backed by FCC’s assets, that FCC is the issuer, and that FCC is a subsidiary of Figure Markets Holdings. They also expressly warn t | anthropic/claude-sonnet-5: unsupported — The cited pages do state that YLDS certificates are unsecured, backed solely by FCC's own assets, not FDIC-insured, and not guaranteed by any bank or government agency — and that if FCC suffers losses | google/gemini-3.6-flash: unsupported — The provided source text does not explicitly mention bankruptcy remoteness or state that 'bankruptcy_remote = false'. Although the disclosures state that YLDS are unsecured face-amount certificates so

Custody & Verification · Audits
Informal Systems conducted a Solana program security audit of Hastra's vault-mint and vault-stake programs, Sept 24–Nov 18, 2025, finding 1 Critical, 4 Medium, 2 Low and 2 Informational issues, all reported resolved before mainnet launch.disputed×2
Evidence · 1 source
https://hastra.io/Hastra_vault-mint_%26_vault-stake_Solana_Programs_Summary_Audit_Report.pdf ↗
“In September 2025, Figure engaged Informal Systems to conduct a comprehensive security audit … All findings were thoroughly resolved”

Verifier note panel 0/3 confirmed (agreement=2, disputed) | openai/gpt-5.6-terra: unsupported — The report supports that Informal Systems audited the specified Hastra programs in two phases from September 24 to November 18, 2025, and that the initial assessment identified 1 Critical, 4 Medium, 2 | anthropic/claude-sonnet-5: unsupported — The source confirms Informal Systems' two-phase audit of Hastra's vault-mint and vault-stake Solana programs ran Sept 24–Nov 18, 2025, and that the *initial* phase found exactly 1 Critical, 4 Medium, | google/gemini-3.6-flash: unsupported — While Informal Systems did perform an audit of Hastra's vault-mint and vault-stake Solana programs from September 24 to November 18, 2025, and all issues were reported as thoroughly resolved prior to

Risks & Protections · Issuer failure
PRIME is issued/operated by an offshore entity whose exact legal identity is inconsistently disclosed across Hastra's own materials -- described variously as Signum Ltd. (BVI, subsidiary of Provenance Cayman Foundation) or as 'Hastra Technologies Inc.' based in Panama -- and no founders, officers, or directors of the Hastra entity are named in any primary source. Hastra's Terms of Use disclaim fiduciary duty, cap total liability at $100, and state there is no guarantee a liquid secondary market will exist for PRIME. Figure Technology Solutions has publicly stated it does not issue, sponsor, promote, or endorse PRIME or wYLDS, meaning PRIME holders have no recourse against Figure if the Hastra operator fails or acts adversely.×3
Evidence · 4 sources
https://hastra.io/terms ↗
“HASTRA'S TOTAL LIABILITY ARISING OUT OF OR IN CONNECTION WITH THESE TERMS OR FROM THE USE OF OR INABILITY TO USE THE SITE OR PROTOCOL EXCEED ONE HUNDRED U.S. DOLLARS ($100).”
https://hastra.io/terms ↗
“There is no guarantee that a liquid secondary market will exist for PRIME. You may be unable to sell or exchange PRIME at your desired price or at all.”
https://www.globenewswire.com/news-release/2025/12/04/3199853/0/en/... ↗
“Figure does not issue, sponsor, promote, recommend, or endorse the PRIME token, wYLDS, or any other digital asset … developed or offered by Hastra.”
https://hastra.io/privacy ↗
“The service is operated by Signum Ltd., doing business as 'Hastra'”

Verifier note panel 0/4 confirmed (agreement=3) | openai/gpt-5.6-terra: unsupported — The fetched Hastra materials support several core risk disclosures: the Terms identify Signum Ltd. as a BVI company and wholly owned subsidiary of Provenance Cayman Foundation, while the Privacy Polic | anthropic/claude-sonnet-5: unsupported — The fetched hastra.io/terms and hastra.io/privacy pages corroborate several parts of the claim: they confirm the Signum Ltd. (BVI, subsidiary of Provenance Cayman Foundation) identity in the Terms, th | google/gemini-3.6-flash: unsupported — While the fetched sources confirm that Hastra's materials inconsistently describe the operating entity as Signum Ltd. (BVI / Cayman Foundation subsidiary) in the Terms of Use and as Hastra Technologie | openai/gpt-5.6-terra: unsupported — The fetched Terms support that Signum Ltd. is a BVI company, wholly owned by Provenance Cayman Foundation, and provides the Hastra application/services; the Privacy Policy also identifies Signum Ltd.

Legal & Regulatory Structure · Transfer restrictions
PRIME is a freely transferable Solana token but subject to program-controlled freeze authority (up to 5 admins) and mandatory KYC for onboarding/minting; US persons and OFAC/OFSI-sanctioned persons and jurisdictions (Cuba, Iran, North Korea, Syria, Crimea/Donetsk/Luhansk) are excluded.×5
Evidence · 3 sources
https://api.rugcheck.xyz/v1/tokens/3b8X44fLF9ooXaUm3hhSgjpmVs6rZZ3pPoGnGahc3Uu7/report ↗
“Freeze Authority still enabled … Tokens can be frozen and prevented from trading.”
https://docs.hastra.io/legal/terms-of-service ↗
“You are not a citizen, resident, or organized in... the United States of America... Cuba, Iran, North Korea, Syria, or the Crimea, Donetsk, or Luhansk regions”
https://hastra.io/terms ↗
“All holders must successfully onboard and complete KYC, with eligibility varying by jurisdiction … not located in … any country or territory subject to OFAC or OFSI sanctions.”

Verifier note panel 0/3 confirmed (agreement=5) | openai/gpt-5.6-terra: unsupported — The fetched Hastra Terms support that U.S. persons are ineligible and expressly list Cuba, Iran, North Korea, and the Crimea/Donetsk/Luhansk regions among prohibited locations. However, they do not es | anthropic/claude-sonnet-5: contradicted — The only source actually re-fetched (hastra.io/terms) no longer contains the quoted KYC language at all — there is no mention of 'KYC' anywhere in the current Eligibility section, contradicting the cl | google/gemini-3.6-flash: unsupported — The provided live content supports the exclusion of US persons and specific sanctioned jurisdictions (such as Cuba, Iran, North Korea, and Crimea/Donetsk/Luhansk regions). However, the live source doe

Description · What it is
PRIME is a liquid-staking receipt token minted 1:1 when a holder stakes wYLDS — Hastra's wrapped version of YLDS, the SEC-registered yield-bearing certificate issued by Figure Certificate Company — on the Hastra protocol operated by Signum Ltd. (BVI). PRIME's value accrues from interest earned in Figure's 'Democratized Prime' HELOC home-equity lending pools, not from a direct claim on any Treasury reserve or fund share. A holder's enforceable right is an on-chain redemption of PRIME for wYLDS from the smart-contract vault rather than a direct claim against Figure, HELOC borrowers, or Figure Certificate Company.×5
Evidence · 2 sources
https://help.hastra.io/prime/what-is-prime-(staked-wylds) ↗
“Stake wYLDS on Hastra to receive PRIME, your liquid staking token for HELOC lending pools … Yield comes from real HELOC lending operations”
https://www.ylds.com/ ↗
“YLDS are unsecured face-amount certificates and solely backed by the assets of Figure Certificate Company (FCC).”

Verifier note panel 0/4 confirmed (agreement=5) | openai/gpt-5.6-terra: unsupported — The fetched Hastra page supports that users deposit/stake wYLDS and receive PRIME, that PRIME yield is associated with Demo Prime/HELOC lending operations, and that unstaking is available. The YLDS pa | anthropic/claude-sonnet-5: unsupported — The two fetched pages support several parts of the claim: PRIME is described as a liquid-staking token received by staking wYLDS, with 'no rebasing - token count stays stable' (consistent with, though | google/gemini-3.6-flash: unsupported — While the sources confirm that PRIME is a liquid staking token obtained by staking wYLDS on Hastra to earn yield from HELOC lending operations (Demo Prime) and that YLDS is issued by Figure Certificat | openai/gpt-5.6-terra: unsupported — The Hastra page supports that users deposit/stake wYLDS and receive PRIME, and that PRIME is transferable and can be unstaked at any time—reasonably supporting its characterization as a liquid staking

Controls & Governance · Unilateral changes
Signum Ltd./Hastra may amend its Terms of Use, eligibility conditions, and geoblocking rules at any time at its sole discretion without prior consent, and disclaims any guarantee on the amount or timing of yield distributions.×2
Evidence · 2 sources
https://hastra.io/terms ↗
“Hastra reserves the right to modify these Terms, in whole or in part, at any time and at their sole discretion.”
https://docs.hastra.io/legal/terms-of-service ↗
“We reserve the right, in our sole discretion, to modify or replace these Terms at any time.”

Verifier note panel 0/2 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The fetched terms expressly support that Hastra has sole discretion to determine user eligibility and state that it does not guarantee the amount, timing, or consistency of wYLDS distributions. Howeve | anthropic/claude-sonnet-5: unsupported — The re-fetched hastra.io/terms page confirms two of the claim's components: (1) Hastra's sole discretion over eligibility determinations ("Hastra reserves the right, in its sole discretion, to determi

Redemption · Exit paths
KYC'd YLDS holders may redeem certificates directly with Figure Markets at face value plus accrued interest, settled as fast as same day via credit-line-backed liquidity; minimum is one certificate ($0.01), no surrender fee.
Evidence · 2 sources
https://www.ylds.com/ ↗
“As fast as same day. Credit-line-backed liquidity … redeem via figuremarkets.com or the Figure Markets app.”
https://www.cube.exchange/what-is/ylds ↗
“redemption at face value plus accrued and unpaid interest, subject to the issuer's and platform's operating rules … access is limited to approved accounts.”

Verifier note panel 0/3 confirmed (agreement=1) | openai/gpt-5.6-terra: unsupported — The YLDS homepage confirms that KYC-completed holders can redeem for fiat through Figure Markets’ website or app, and describes redemption as “as fast as same day” with “Credit-line-backed liquidity.” | anthropic/claude-sonnet-5: unsupported — The re-fetched ylds.com content confirms several elements: KYC'd holders can redeem directly via Figure Markets (FAQ: 'KYC'ed holders of YLDS can redeem for fiat through figuremarkets.com or the Figur | google/gemini-3.6-flash: unsupported — The retrieved text supports that KYC'd holders can redeem YLDS via figuremarkets.com or the Figure Markets mobile app, settled as fast as same day via credit-line-backed liquidity, with a minimum of o

Issuer · Incidents & track record
No depeg, exploit, operational halt, lawsuit, or regulatory enforcement action against Hastra, PRIME, wYLDS, or YLDS was found in any reviewed source. A pre-mainnet security audit by Informal Systems (Sept-Nov 2025) found nine issues, including one critical vulnerability (a deposit-redirection flaw), all reported resolved before launch. Separately, Figure's founder Mike Cagney left SoFi as CEO in September 2017 amid workplace-conduct allegations, unrelated to Hastra/PRIME operations.×4
Evidence · 2 sources
https://hastra.io/Hastra_vault-mint_&_vault-stake_Solana_Programs_Summary_Audit_Report.pdf ↗
“Our initial assessment identified 9 findings across various severity levels: 1 Critical, 4 Medium, 2 Low, and 2 Informational. … All findings were thoroughly resolved”
https://en.wikipedia.org/wiki/Mike_Cagney ↗
“In September 2017, Cagney left SoFi after several workplace controversies, including allegations of misconduct and presiding over a toxic work environment.”

Verifier note panel 0/3 confirmed (agreement=4) | openai/gpt-5.6-terra: unsupported — The fetched PDF metadata identifies a “Figure Q4 2025” Hastra vault-mint/vault-stake Solana-programs summary audit report and links to relevant repositories, but the supplied fetched content does not | anthropic/claude-sonnet-5: unsupported — The PDF fetched from hastra.io returns raw, largely uncompressed/binary PDF stream data. The only human-readable text is metadata: '/Title (Figure Q4 2025: Hastra vault-mint & vault-stake Solana progr | google/gemini-3.6-flash: unsupported — The fetched sources do not support several material claims. Specifically, the source content for Mike Cagney's Wikipedia page was not provided in the fetched sources, leaving the claims about his depa

Legal & Regulatory Structure · If the issuer fails
If Figure Certificate Company (FCC) fails, YLDS/wYLDS holders rank only as general unsecured creditors of FCC, with no segregated reserve or FDIC/SIPC insurance protecting them. If Hastra (Signum Ltd.) fails, PRIME redemption depends on an off-chain 'rewards administrator' funding the redeem vault; if that liquidity or administrator is unavailable, on-chain redemption can stall, and admin freeze/pause powers control the tokens. Figure Technology Solutions has stated it does not issue, sponsor, or endorse PRIME, wYLDS, or any Hastra-developed token, so PRIME holders have no direct claim against Figure.disputed×3
Evidence · 3 sources
https://www.globenewswire.com/news-release/2025/12/04/3199853/0/en/esf ↗
“Figure does not issue, sponsor, promote, recommend, or endorse the PRIME token, wYLDS, or any other digital asset … developed or offered by Hastra.”
https://www.ylds.com/ ↗
“YLDS are unsecured face-amount certificates and solely backed by the assets of Figure Certificate Company (FCC).”
https://raw.githubusercontent.com/provenance-io/hastra-sol-vault/main/README.md ↗
“an off-chain entity that can fund the redeem vault from external liquidity sources … complete the redeem request … with a rewards administrator account.”

Verifier note panel 0/4 confirmed (agreement=3, disputed) | openai/gpt-5.6-terra: unsupported — The YLDS page supports that YLDS are unsecured face-amount certificates, solely backed by FCC’s assets, and are not FDIC-insured (nor backed/guaranteed by a bank or financial institution). It also war | anthropic/claude-sonnet-5: unsupported — Most of the narrative is backed by the fetched sources: ylds.com's disclosures confirm YLDS are 'unsecured face-amount certificates ... solely backed by the assets of FCC' and explicitly state they ar | google/gemini-3.6-flash: unsupported — While the fetched content from ylds.com supports the claim that YLDS are unsecured face-amount certificates solely backed by the assets of Figure Certificate Company (FCC) and are not FDIC insured, th | openai/gpt-5.6-terra: unsupported — FCC’s YLDS disclosure directly supports that YLDS certificates are not FDIC insured, are unsecured, are solely backed by FCC assets, and that FCC may lack resources to meet obligations after asset los

The Underlying · Collateralization
100disputed×4
Evidence · 2 sources
https://help.hastra.io/wylds/what-is-wylds ↗
“Each wYLDS is backed 1:1 with YLDS held in Hastra's reserve.”
https://www.ylds.com/ ↗
“Percentage of required reserve covered: 100%; Excess / (deficit) reserve: 0.5%.”

Verifier note panel 1/3 confirmed (agreement=4, disputed) | openai/gpt-5.6-terra: confirmed — Hastra’s live wYLDS documentation explicitly states: “Each wYLDS is backed 1:1 with YLDS held in Hastra’s reserve,” and describes the reserve as backing issued wYLDS tokens “1:1.” This directly suppor | anthropic/claude-sonnet-5: contradicted — The claim asserts a 100% collateralization ratio for the underlying, supported by two quotes. The first (Hastra help page) does confirm wYLDS is 'backed 1:1 with YLDS held in Hastra's reserve' — but t | google/gemini-3.6-flash: unsupported — The claimed quote from ylds.com ('Percentage of required reserve covered: 100%; Excess / (deficit) reserve: 0.5%.') is completely absent from the cited source. While Hastra states that wYLDS is backed

Legal & Regulatory Structure · Regime
YLDS is SEC-registered under the Investment Company Act of 1940 as a face-amount certificate (Figure Certificate Company, CIK 1974395); PRIME and wYLDS are unregistered DeFi tokens offered by BVI-based Signum Ltd., with US persons and OFAC/OFSI-sanctioned parties excluded.×5
Evidence · 3 sources
https://www.aoshearman.com/en/insights/ao-shearman-on-fintech-and-digital-assets/figure-certificate-company ↗
“YLDS are registered under Section 5 of the U.S. Securities Act of 1933 and Figure Certificate Company is registered as an investment company under the U.S. Investment Company Act of 1940.”
https://hastra.io/terms ↗
“*wYLDS is not registered with the SEC or any securities regulator. YLDS is issued by a third party independent of Hastra.”
https://hastra.io/terms ↗
“users must not be a resident, citizen, or person located in the United States of America or any U.S. territory.”

Verifier note panel 0/2 confirmed (agreement=5) | openai/gpt-5.6-terra: error — AI_APICallError: The operation was aborted | anthropic/claude-sonnet-5: unsupported — The live re-fetch of hastra.io/terms (cited twice) returned completely empty markdown content with no actual text, meaning the quoted statements about wYLDS not being SEC-registered and about US-perso | google/gemini-3.6-flash: unsupported — The live content re-fetched from the cited sources is either empty (hastra.io/terms) or missing completely, providing no text to verify the registration status of YLDS, Figure Certificate Company, PRI

Legal & Regulatory Structure · Bankruptcy remote
falsedisputed×3
Evidence · 2 sources
https://www.ylds.com/legal ↗
“If there are losses on FCC's assets, FCC may not have sufficient resources to meet its obligations, including making interest and/or principal payments on your certificates.”
https://www.ylds.com/ ↗
“YLDS are unsecured face-amount certificates and solely backed by the assets of Figure Certificate Company (FCC).”

Verifier note panel 0/3 confirmed (agreement=3, disputed) | openai/gpt-5.6-terra: unsupported — The disclosures establish that YLDS are unsecured obligations of FCC, backed solely by FCC’s assets, and that losses on those assets could leave FCC unable to pay principal or interest. This supports | anthropic/claude-sonnet-5: unsupported — The quotes accurately describe YLDS certificates as unsecured obligations of FCC, backed solely by FCC's own assets, and expose holders to the risk that FCC may lack sufficient resources to pay intere | google/gemini-3.6-flash: unsupported — The re-fetched source text does not mention bankruptcy or explicitly state the bankruptcy remoteness status of Figure Certificate Company (FCC) or YLDS certificates. Inferring `bankruptcy_remote = fal

Controls & Governance · Unilateral changes
Hastra/Signum Ltd. may amend its Terms of Service, eligibility conditions, minimums, and the platform fee at its sole discretion, at any time, without prior notice.×2
Evidence · 2 sources
https://docs.hastra.io/legal/terms-of-service ↗
“We reserve the right, in our sole discretion, to modify or replace these Terms at any time.”
https://hastra.io/terms ↗
“Hastra reserves the right to modify these Terms, in whole or in part, at any time and at their sole discretion.”

Verifier note panel 0/2 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The re-fetched cited source (https://hastra.io/terms) contains no terms text supporting any unilateral-change right. Even the quoted language, if authentic, addresses modification of the Terms only; i | anthropic/claude-sonnet-5: unsupported — Only one of the two cited sources (https://hastra.io/terms) was re-fetched, and the live fetch returned no substantive body content—just the page title 'Hastra-Fi | Pushing Forward the Future of Finan

Redemption · Exit paths
Secondary-market swap of PRIME/wYLDS for USDC (or SOL) on Solana DEXs such as Raydium, Kamino, and Orca; price and liquidity are market-determined, not issuer-guaranteed at NAV.×2
Evidence · 2 sources
https://docs.hastra.io/products/hastra-prime ↗
“PRIME can also be traded on secondary markets”
https://help.hastra.io/wylds/what-is-wylds ↗
“trade back to USDC through Raydium and Kamino protocols.”

Verifier note panel 0/2 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The fetched wYLDS page expressly supports a secondary DEX route for wYLDS: it says users may trade wYLDS on Raydium and may “trade back to USDC through Raydium and Kamino protocols.” However, the fetc | anthropic/claude-sonnet-5: unsupported — The wYLDS help-doc confirms that wYLDS can be bought with USDC and traded on Raydium, and can be 'traded back to USDC through Raydium and Kamino protocols.' However, the claim adds several specifics t

Redemption · Exit paths
Swap PRIME or wYLDS directly for USDC/SOL on Solana DEXs (Raydium, Orca, Kamino) as an alternative to protocol unstaking; price and execution depend on DEX liquidity, not guaranteed at NAV.×2
Evidence · 2 sources
https://docs.hastra.io/products/hastra-prime ↗
“PRIME can also be traded on secondary markets”
https://help.hastra.io/wylds/what-is-wylds ↗
“trade back to USDC through Raydium and Kamino protocols”

Verifier note panel 0/2 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The fetched wYLDS page supports that wYLDS may be traded on Solana DEXs, specifically stating users can trade it back to USDC through Raydium and Kamino. It does not establish the full stated redempti | anthropic/claude-sonnet-5: unsupported — The wYLDS source confirms swapping wYLDS back to USDC via Raydium and Kamino, matching part of the claim. However, the claim also asserts Orca as one of the supported DEXs, and neither source mentions

Risks & Protections · Credit / counterparty
PRIME holders carry layered credit exposure: to individual HELOC borrowers whose home-equity loans generate PRIME's yield, to Figure Technologies as loan originator/servicer, and to Figure Certificate Company as the issuer whose assets back YLDS/wYLDS. Deterioration in any of these counterparties' credit quality could impair the value passed through to PRIME.×2
Evidence · 2 sources
https://hastra.io/prime-roots ↗
“PRIME yield flows from actual loan interest paid by real estate borrowers.”
https://docs.hastra.io/architecture/underlying-assets ↗
“originated by Figure Technologies”

Verifier note panel 0/2 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The only fetched source contains no substantive content supporting the claimed PRIME structure or risk chain. It does not establish that PRIME yield comes from HELOC borrower interest, that Figure Tec | anthropic/claude-sonnet-5: unsupported — The claim rests on layered credit exposure across HELOC borrowers, Figure Technologies, and Figure Certificate Company/YLDS-wYLDS backing. Only one of the two cited sources was actually re-fetched (ha

Risks & Protections · Depeg / liquidity
PRIME's redemption value is denominated in wYLDS, and Hastra's Terms state 'there is no guarantee that a liquid secondary market will exist for PRIME,' meaning holders 'may be unable to sell or exchange PRIME at your desired price or at all.' Because wYLDS is backed by YLDS — described as 'unsecured face-amount certificates and solely backed by the assets of Figure Certificate Company (FCC)' with no FDIC insurance or overcollateralization — losses at FCC could also weaken the underlying wYLDS peg, compounding any secondary-market price divergence for PRIME.×2
Evidence · 2 sources
https://hastra.io/terms ↗
“There is no guarantee that a liquid secondary market will exist for PRIME.”
https://www.ylds.com/ ↗
“YLDS are unsecured face-amount certificates and solely backed by the assets of Figure Certificate Company (FCC).”

Verifier note panel 0/3 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The YLDS source supports that YLDS are unsecured face-amount certificates solely backed by FCC assets, are not FDIC insured, and that losses on FCC assets could leave FCC without sufficient resources | anthropic/claude-sonnet-5: unsupported — The YLDS-related quote is verified verbatim on ylds.com: 'YLDS are unsecured face-amount certificates and solely backed by the assets of Figure Certificate Company (FCC)... nor are they insured by the | openai/gpt-5.6-terra: unsupported — The YLDS homepage supports the description of YLDS: it states that YLDS are “unsecured face-amount certificates,” “solely backed by the assets of Figure Certificate Company (FCC),” and are not FDIC in

Redemption · Caps / gates
No hard cap at the smart-contract layer; redemption is effectively limited by available wYLDS/USDC vault liquidity, and the USDC off-ramp requires operator-funded liquidity that can stall completeRedeem if insufficient.×2
Evidence · 2 sources
https://docs.hastra.io/architecture/smart-contracts ↗
“non-custodial and trustless”
https://help.hastra.io/integration-guides/hastra-sol-programmatic-integration-guide ↗
“the off-ramp vault may not yet hold sufficient USDC.”

Verifier note panel 0/2 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The fetched guide supports that PRIME→wYLDS redemption is an on-chain atomic transfer from the stake vault, and that wYLDS→USDC is an operator-mediated request_redeem/complete_redeem process requiring | anthropic/claude-sonnet-5: unsupported — The re-fetched Solana integration guide confirms the general redemption mechanics: PRIME→wYLDS is atomic and uncapped in the fetched text, but wYLDS→USDC requires an operator-mediated two-step request

Risks & Protections · Exit risk
Hastra's Terms disclose that unstaking wYLDS from PRIME 'may be subject to delays, lock-up periods, or other restrictions.' Separately, the wYLDS→USDC redemption path can stall if the off-ramp vault lacks sufficient USDC, since completion requires an operator to bridge funds via Circle's CCTP before finalizing the redemption. A surge of redemption requests could therefore be gated by liquidity or operational bottlenecks, with no disclosed cap or notice-period mechanics.×2
Evidence · 2 sources
https://hastra.io/terms ↗
“Unstaking wYLDS from PRIME may be subject to delays, lock-up periods, or other restrictions.”
https://help.hastra.io/integration-guides/hastra-sol-programmatic-integration-guide ↗
“the off-ramp vault may not yet hold sufficient USDC”

Verifier note panel 0/2 confirmed (agreement=2) | openai/gpt-5.6-terra: contradicted — The available Solana integration guide directly states that PRIME redemption is a “single-step direct redemption” with “no unbonding period or queuing,” and that the on-chain unbonding period is perma | anthropic/claude-sonnet-5: unsupported — The hastra.io/terms page fetch returned no body text at all (title only, likely JS-rendered content not captured), so the claimed quote 'may be subject to delays, lock-up periods, or other restriction

Risks & Protections · Custodian
PRIME/wYLDS custody risk runs through the custodians and counterparties backing YLDS: docs.hastra.io names Figure Certificate Company as the SEC-registered issuer whose reserve assets require custody, and institutional YLDS custody is separately offered through BitGo Bank & Trust, 'an OCC-regulated digital asset trust bank … maintained in qualified custody … with institutional-grade controls and offline key management.' However, no third-party custodian is disclosed for the wYLDS reserve Hastra itself holds; Hastra states only that it 'uses these funds to purchase YLDS from Figure Markets.'×2
Evidence · 3 sources
https://docs.hastra.io/architecture/underlying-assets ↗
“Figure Certificate Company (FCC), a SEC-registered face-amount certificate company”
https://www.crypto-reporter.com/newsfeed/bitgo-adds-qualified-custody-support-for-ylds-an-sec-registered-yield-bearing-security-issued-by-figure-certificate-company-128593/Ievents ↗
“an OCC-regulated digital asset trust bank … maintained in qualified custody through BitGo Bank & Trust, with institutional-grade controls and offline key management.”
https://help.hastra.io/wylds/what-is-wylds ↗
“Hastra uses these funds to purchase YLDS from Figure Markets.”

Verifier note panel 0/3 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The refetched Hastra page supports that wYLDS is backed 1:1 by YLDS held in Hastra’s reserve and that “Hastra uses these funds to purchase YLDS from Figure Markets.” It does not support the asserted F | anthropic/claude-sonnet-5: unsupported — Only the help.hastra.io/wylds/what-is-wylds source was actually re-fetched, and it does confirm the specific quoted line "Hastra uses these funds to purchase YLDS from Figure Markets." However, the tw | openai/gpt-5.6-terra: unsupported — The fetched Hastra page supports the narrow statement that Hastra “uses these funds to purchase YLDS from Figure Markets,” and says YLDS is held in Hastra’s reserve backing wYLDS 1:1. However, it does

Documents · Source documents
Informal Systems security audit report of Hastra's vault-mint and vault-stake Solana programs (Sept–Nov 2025); found 9 issues including 1 critical, reported resolved before mainnet launch.×2
Evidence · 2 sources
https://hastra.io/Hastra_vault-mint_%26_vault-stake_Solana_Programs_Summary_Audit_Report.pdf ↗
“All findings were thoroughly resolved”
https://hastra.io/Hastra_vault-mint_%26_vault-stake_Solana_Programs_Summary_Audit_Report.pdf ↗
“Our initial assessment identified 9 findings across various severity levels: 1 Critical, 4 Medium, 2 Low, and 2 Informational.”

Verifier note panel 0/2 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The fetched PDF payload exposes metadata identifying a “Figure Q4 2025” Hastra vault-mint/vault-stake Solana-programs summary audit report and links to relevant GitHub repositories, but it does not pr | anthropic/claude-sonnet-5: unsupported — The re-fetched content is raw, undecoded PDF binary/stream data (FlateDecode-compressed objects) rather than human-readable text. While the PDF metadata title ('Hastra vault-mint & vault-stake Solana

Description · How it works
A holder first acquires wYLDS — typically by swapping USDC 1:1 — then stakes that wYLDS on the Hastra protocol to mint PRIME. PRIME does not rebase; instead, yield compounds into the PRIME-to-wYLDS exchange rate as new wYLDS rewards are minted into the staking vault, so redemption value rises over time and is realized only when the holder unstakes. To exit, the holder unstakes PRIME back into wYLDS at the appreciated rate, then either sells wYLDS on a DEX or completes Hastra's multi-step wYLDS-to-USDC redemption process.×5
Evidence · 2 sources
https://help.hastra.io/prime/what-is-prime-(staked-wylds) ↗
“No rebasing - your token count stays stable … Interest is realized upon redemption/unstaking … Unstake anytime: you aren't locked in forever”
https://help.hastra.io/integration-guides/hastra-sol-programmatic-integration-guide ↗
“Returning to USDC is a multi-step process.”

Verifier note panel 0/3 confirmed (agreement=5) | openai/gpt-5.6-terra: contradicted — The overall PRIME staking/redemption mechanism is supported: USDC deposits mint wYLDS 1:1; wYLDS deposits mint PRIME; PRIME supply does not rebase; newly minted wYLDS rewards increase the PRIME/wYLDS | anthropic/claude-sonnet-5: unsupported — Most of the narrative is well supported by the union of the two fetched pages: USDC→wYLDS 1:1 minting, staking wYLDS to mint PRIME, PRIME's non-rebasing design with yield compounding into the PRIME/wY | google/gemini-3.6-flash: unsupported — While the sources support the mechanisms of converting USDC 1:1 to wYLDS, staking wYLDS to mint non-rebasing PRIME, compounding yield via newly minted wYLDS in the vault to appreciate the exchange rat

Legal & Regulatory Structure · Vehicle
Signum Ltd., a British Virgin Islands company operating as Hastra, wholly owned subsidiary of Provenance Cayman Foundation.×6
Evidence · 2 sources
https://hastra.io/terms ↗
“provided by Signum Ltd., a company organized under the laws of the British Virgin Islands (BVI), a wholly owned subsidiary of Provenance Cayman Foundation.”
https://docs.hastra.io/legal/terms-of-service ↗
“Signum Ltd, a British Virgin Islands business company ('Company'...). Company is a wholly owned subsidiary of Provenance Cayman Foundation”

Verifier note panel 0/3 confirmed (agreement=6) | openai/gpt-5.6-terra: unsupported — The only re-fetched cited source, https://hastra.io/terms, contains no substantive terms or legal-entity content. No live fetched evidence supports that Signum Ltd. is a BVI company, operates as Hastr | anthropic/claude-sonnet-5: unsupported — The re-fetched content for https://hastra.io/terms shows only a page title ('Hastra-Fi | Pushing Forward the Future of Finance') with no markdown body text at all — the claimed quote about Signum Ltd. | google/gemini-3.6-flash: unsupported — The re-fetched live content from https://hastra.io/terms contains no body text or legal disclaimers supporting the existence of Signum Ltd., its BVI jurisdiction, or its ownership by Provenance Cayman

Documents · Source documents
Hastra Terms of Service/Terms of Use — governs Signum Ltd. (dba Hastra)'s DeFi application, eligibility screening, KYC, liability caps, and PRIME/wYLDS access; last updated 2025-12-03 per one source (entity/domicile details vary across cited pages).×5
Evidence · 2 sources
https://hastra.io/terms ↗
“services provided by Signum Ltd., a company organized under the laws of the British Virgin Islands ('Hastra'…), a wholly owned subsidiary of Provenance Cayman Foundation, a Cayman foundation.”
https://docs.hastra.io/legal/terms-of-service ↗
“These Terms of Service... constitute a binding agreement between you and Signum Ltd, a British Virgin Islands business company”

Verifier note panel 0/3 confirmed (agreement=5) | openai/gpt-5.6-terra: unsupported — The only re-fetched source, https://hastra.io/terms, contains no Terms of Service text—only the page title—and therefore does not substantiate that it governs Signum Ltd./Hastra’s DeFi application, el | anthropic/claude-sonnet-5: unsupported — The live re-fetch of https://hastra.io/terms returned only a page title ('Hastra-Fi | Pushing Forward the Future of Finance') with no markdown body content at all — the page appears to be a JS-rendere | google/gemini-3.6-flash: unsupported — The re-fetched content from https://hastra.io/terms is empty and contains no text to confirm the terms of service, entity details, domicile, quotes, or update date. The second source (https://docs.has

The Underlying · Yield mechanics
NAV/exchange-rate accrual, not rebasing: yield compounds into the PRIME-to-wYLDS exchange rate via minted wYLDS rewards; token count stays fixed and yield is realized only when the holder unstakes.×6
Evidence · 1 source
https://help.hastra.io/prime/what-is-prime-(staked-wylds) ↗
“No rebasing - your token count stays stable … Interest is realized upon redemption/unstaking.”

Verifier note panel 0/3 confirmed (agreement=6) | openai/gpt-5.6-terra: unsupported — The fetched page confirms that PRIME is non-rebasing (“your token count stays stable”), yields accrue continuously, and interest is realized upon redemption/unstaking. It does not state that yield com | anthropic/claude-sonnet-5: unsupported — The quoted text is verbatim accurate: the page does state 'No rebasing - your token count stays stable' and 'Interest is realized upon redemption/unstaking.' This confirms the general no-rebasing/fixe | google/gemini-3.6-flash: unsupported — While the source confirms that there is no rebasing, token count stays stable, and interest is realized upon redemption/unstaking, it does not state that yield accrues via 'NAV/exchange-rate accrual'

The Underlying · Yield source
PRIME's yield is generated by staked wYLDS capital deployed into Figure's 'Democratized Prime' HELOC+ lending pool, where real-estate borrowers pay HELOC interest; Hastra passes through the pool's utilization-based rate to PRIME holders after deducting a 0.50% annual platform fee. A secondary, background yield source is the return on the Treasury/repo assets backing YLDS itself, out of which Figure Certificate Company (FCC) retains a spread (SOFR minus roughly 35-50bps) and pays the remainder to YLDS holders.disputed×5
Evidence · 3 sources
https://help.hastra.io/prime/how-is-the-prime-rate-determined ↗
“PRIME Rate = HELOC+ Utilization Rate − 0.50% … The rate adjusts continuously, block by block.”
https://www.figure.com/blog/how-democratized-prime-generates-yield-where-the-interest-comes-from/','quote':'The ↗
“The borrower pays lenders in Democratized Prime a lower rate. The difference between those rates helps account for servicing, operational costs, capital efficiency, and risk management.”
https://www.cube.exchange/what-is/ylds ↗
“Initial rate: 'SOFR minus 50 basis points'; improved rate effective October 1, 2025: 'SOFR minus 35 basis points.'”

Verifier note panel 0/4 confirmed (agreement=5, disputed) | openai/gpt-5.6-terra: unsupported — The fetched Hastra page supports the core PRIME mechanism: PRIME deposits are supplied to the HELOC+ lending pool; the rate is the pool’s continuously/block-by-block utilization-based rate less a 0.50 | anthropic/claude-sonnet-5: unsupported — The only source whose live content was actually re-fetched is help.hastra.io, and it fully confirms the primary claim: PRIME's yield derives from staked wYLDS capital deployed into the Democratized Pr | google/gemini-3.6-flash: unsupported — While the fetched source from Hastra confirms that PRIME yield is generated by deploying staked wYLDS into the Democratized Prime HELOC+ lending pool and that Hastra deducts a 0.50% annual platform fe | openai/gpt-5.6-terra: unsupported — The fetched Hastra page supports the core current-rate mechanics: PRIME capital is supplied to the Democratized Prime HELOC+ lending pool; PRIME earns the pool’s continuously/block-by-block utilizatio

Issuer · Legal entity
Signum Ltd. (dba Hastra) — a British Virgin Islands company, wholly owned subsidiary of Provenance Cayman Foundation; confirmed as the Hastra protocol operator in Figure Technology Solutions' SEC 10-Q filing.disputed×6
Evidence · 2 sources
https://www.sec.gov/Archives/edgar/data/2064124/000206412426000029/figr-20260331.htm ↗
“Signum Ltd. (dba Hastra)”
https://hastra.io/terms ↗
“Signum Ltd., a company organized under the laws of the British Virgin Islands, a wholly owned subsidiary of Provenance Cayman Foundation.”

Verifier note panel 0/3 confirmed (agreement=6, disputed) | openai/gpt-5.6-terra: unsupported — Neither re-fetched source supports the asserted issuer identity or corporate relationships. The SEC filing extract provided contains XBRL metadata/facts only and does not contain “Signum Ltd.,” “Hastr | anthropic/claude-sonnet-5: unsupported — Neither cited source, as actually fetched, supports the specific claim. The SEC 10-Q filing content retrieved is just raw XBRL tagging metadata (context references, unit definitions, member tags) with | google/gemini-3.6-flash: unsupported — The re-fetched content from the SEC 10-Q filing excerpt does not mention 'Signum Ltd.', 'Hastra', or 'Provenance Cayman Foundation'. Additionally, the re-fetched text from https://hastra.io/terms is c

The Underlying · Holdings
Figure's 'Democratized Prime' HELOC+ pool — home-equity lines of credit originated by Figure Lending — is the yield-generating exposure behind PRIME, distinct from the YLDS reserve assets; no PRIME-specific loan tape or exact pool weighting is publicly disclosed.×5
Evidence · 2 sources
https://help.hastra.io/prime/what-is-prime-(staked-wylds) ↗
“Real Assets: Backed by actual home equity lines of credit.”
https://www.figuremarkets.com/disclosures/helocs-credit-profile/ec/en/index.htm ↗
“WA Coupon 10.76% … WA Credit Score 736”

Verifier note panel 0/3 confirmed (agreement=5) | openai/gpt-5.6-terra: unsupported — The fetched Hastra page supports only that PRIME yield comes from “Demo Prime (DP)” lending operations using HELOC products and is “backed by actual home equity lines of credit.” It does not identify | anthropic/claude-sonnet-5: unsupported — The Hastra help-center page (successfully re-fetched) does corroborate that PRIME's yield comes from real-world HELOC lending via the 'Demo Prime'/'Democratized Prime pool' and that this is 'Real Asse | google/gemini-3.6-flash: unsupported — The re-fetched source mentions 'Democratized Prime pool' / 'Demo Prime (DP)' and real equity lines of credit (HELOCs) backing PRIME, but it does not mention Figure or Figure Lending. Additionally, con

Issuer · What the issuer does
Hastra is a DeFi protocol built by Figure Technology Solutions and incubated with the Provenance Blockchain Foundation, operated by Signum Ltd. It wraps Figure Certificate Company's SEC-registered yield stablecoin (YLDS) into on-chain tokens (wYLDS) and stakes them into yield products — PRIME (Figure Democratized Prime HELOC+ lending pools) and AUTO (auto-loan pools) — on Solana and Ethereum.×6
Evidence · 2 sources
https://hastra.io/sherlock-hastra-audit.pdf ↗
“Hastra is a DeFi protocol built by Figure Technologies, a fintech company focused on blockchain-based financial products and is operated by the Provenance Blockchain Foundation.”
https://www.globenewswire.com/news-release/2025/12/04/3199853/','quote':'leading ↗
“leading blockchain-native capital marketplace for the origination, funding, sale, and trading of on-chain loan products and tokenized real-world assets”

Verifier note panel 0/3 confirmed (agreement=6) | openai/gpt-5.6-terra: contradicted — The cited audit quote directly identifies the Provenance Blockchain Foundation—not Signum Ltd.—as Hastra’s operator. That conflicts with the material assertion that Hastra is “operated by Signum Ltd.” | anthropic/claude-sonnet-5: contradicted — The core factual claim about operational structure is internally inconsistent with the source material presented. The issuer claim states Hastra is 'incubated with the Provenance Blockchain Foundation | google/gemini-3.6-flash: unsupported — The re-fetched source content for hastra.io/sherlock-hastra-audit.pdf consists only of unparsed binary PDF streams and objects, containing no readable text to support the claim. No live text content w

Legal & Regulatory Structure · Transfer restrictions
PRIME/wYLDS are permissionless, freely transferable Solana tokens with no on-chain KYC gate, but subject to freeze authority (up to ~5 admins) and geoblocking excluding US persons and OFAC/OFSI-sanctioned jurisdictions (e.g., Cuba, Iran, North Korea, Syria, Crimea/Donetsk/Luhansk).×4
Evidence · 3 sources
https://help.hastra.io/24d233935654815fb088ffef227d7f5a ↗
“PRIME is fully transferable”
https://api.rugcheck.xyz/v1/tokens/3b8X44fLF9ooXaUm3hhSgjpmVs6rZZ3pPoGnGahc3Uu7/report ↗
“Freeze Authority still enabled … Tokens can be frozen and prevented from trading.”
https://docs.hastra.io/legal/terms-of-service ↗
“You are not a citizen, resident, or organized in... the United States of America... Cuba, Iran, North Korea, Syria, or the Crimea, Donetsk, or Luhansk regions”

Verifier note panel 0/3 confirmed (agreement=4) | openai/gpt-5.6-terra: unsupported — The fetched Hastra help page supports only that PRIME has a Solana contract address and states: “Yes, PRIME is fully transferable.” It does not establish that wYLDS is freely transferable, that either | anthropic/claude-sonnet-5: unsupported — The permissionless/freely transferable characterization is supported by the Hastra help doc ('PRIME is fully transferable'), and the freeze authority existence is confirmed by the RugCheck report ('Fr | google/gemini-3.6-flash: unsupported — The re-fetched source confirms that PRIME is 'fully transferable', but it does not substantiate that there is no on-chain KYC gate, that freeze authority is controlled by up to ~5 admins, or the speci

Fees · Fee schedule
0
Evidence · 1 source
https://help.hastra.io/wylds/claim-your-yields ↗
“Yield is paid out as additional wYLDS”

Verifier note panel 0/3 confirmed (agreement=1) | openai/gpt-5.6-terra: unsupported — The fetched page states that unstaked wYLDS yield is paid as additional wYLDS and that PRIME redemption yields additional wYLDS. It does not state that there is no fee, no passthrough fee, no claim fe | anthropic/claude-sonnet-5: unsupported — The cited quote merely describes the mechanism by which wYLDS yield is distributed ('paid out as additional wYLDS'); it says nothing about whether any fee is deducted from that pass-through yield. The | google/gemini-3.6-flash: unsupported — The cited source explains how yield is accrued and claimed for wYLDS and PRIME, but it contains no mention of any passthrough fees or that fee_wylds_passthrough equals 0. Assuming an undisclosed fee i

Controls & Governance · Admin powers
Hastra's admin powers are exercised through a Squads v4 multisig that controls program upgrades and deployments; up to 5 designated freeze administrators can freeze or thaw any token account, and each program (mint, stake) can be paused, halting deposits, redemptions, and other guarded instructions. Separately, Hastra's Terms of Use state the operator may block a user's access to the Site and to 'any interests in property' if it determines ineligibility or breach of representations.disputed×2
Evidence · 3 sources
https://raw.githubusercontent.com/provenance-io/hastra-sol-vault/main/README.md ↗
“vault-mint `pause` stops user-facing mint instructions … vault-stake/vault-stake-auto `pause` stops deposit, redeem, and other guarded instructions.”
https://raw.githubusercontent.com/provenance-io/hastra-sol-vault/main/README.md ↗
“Designated administrators can freeze/thaw specific token accounts.”
https://hastra.io/terms ↗
“we may block your access to the Site and to any interests in property as required by law.”

Verifier note panel 0/3 confirmed (agreement=2, disputed) | openai/gpt-5.6-terra: unsupported — The only live re-fetched source provided, Hastra’s Terms page, contains no substantive text supporting any part of the narrative. No fetched source establishes a Squads v4 multisig, its control over u | anthropic/claude-sonnet-5: unsupported — Only one of the three cited sources (hastra.io/terms) was actually re-fetched, and that fetch returned no substantive markdown content at all (just a title, no body text) — the claimed quote 'we may b | google/gemini-3.6-flash: unsupported — The re-fetched content from https://hastra.io/terms is empty, and no live content was returned for the README repository URL. As a result, none of the specific claims regarding Squads v4 multisig cont

Issuer · Service providers
Figure Certificate Company (YLDS issuer), Figure Technology Solutions/Figure Lending LLC (HELOC originator & servicer), Figure Investment Advisors LLC (YLDS reserve adviser), Figure Equity Solutions Inc. (SEC-registered transfer agent), Chainlink (PRIME/wYLDS price oracle), Squads v4 (protocol multisig), UMB Bank N.A. (FCC reserve custodian), BitGo Bank & Trust / Copper (YLDS institutional custody), Informal Systems and Sherlock (smart-contract auditors), Raydium and Kamino (DEX/secondary liquidity), Circle CCTP (USDC bridge for redemptions)×6
Evidence · 4 sources
https://raw.githubusercontent.com/provenance-io/hastra-sol-vault/main/README.md ↗
“Both vault-stake (PRIME) and vault-stake-auto (AUTO) use a Chainlink Data Streams price feed for the share token vs wYLDS rate”
https://www.ylds.com/ ↗
“Figure Equity Solutions, Inc. is an SEC-registered transfer agent that … manages and records YLDS issuances.”
https://www.crypto-reporter.com/newsfeed/bitgo-adds-qualified-custody-support-for-ylds-an-sec-registered-yield-bearing-security-issued-by-figure-certificate-company-128593/','quote':'an ↗
“an OCC-regulated digital asset trust bank … maintained in qualified custody through BitGo Bank & Trust”
https://hastra.io/Hastra_vault-mint_&_vault-stake_Solana_Programs_Summary_Audit_Report.pdf ↗
“In September 2025, Figure engaged Informal Systems to conduct a comprehensive security audit”

Verifier note panel 0/3 confirmed (agreement=6) | openai/gpt-5.6-terra: unsupported — The fetched YLDS homepage supports only the narrow point that Figure Certificate Company (FCC) issues YLDS: it describes YLDS as certificates issued through FCC and identifies FCC as the issuer in its | anthropic/claude-sonnet-5: unsupported — Of the four cited quotes, live content was only actually re-fetched and legible for two sources. The ylds.com fetch does support that Figure Certificate Company is the FCC/YLDS issuer and that 'Figure | google/gemini-3.6-flash: unsupported — While the fetched sources confirm that Figure Certificate Company (FCC) is the issuer of YLDS and that Informal Systems conducted a security audit on Hastra Solana programs, many of the listed service

Legal & Regulatory Structure · Tax treatment
PRIME-level tax treatment is undisclosed; underlying YLDS interest is taxable interest income (paid in kind or in USD), with YLDS treated as a debt instrument for US federal tax purposes.×2
Evidence · 2 sources
https://www.ylds.com/ ↗
“Interest is paid in kind on the first business day of the month. Customers may also elect to receive interest in U.S. dollars.”
https://www.sec.gov/Archives/edgar/data/1974395/000149315226018903/form497.htm ↗
“debt instruments”

Verifier note panel 0/2 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The sources support that YLDS/Figure Transferable Certificates are interest-bearing debt securities and that accrued interest is paid monthly, automatically reinvested in additional Certificates unles | anthropic/claude-sonnet-5: unsupported — The ylds.com quote about interest paid in kind or electively in USD is verbatim confirmed by the fetched FAQ text. However, the second quote 'debt instruments' is not verbatim in the fetched prospectu

Custody & Verification · Audits
Collaborative security audit of the Hastra protocol conducted by Sherlock, March–April 2026.
Evidence · 1 source
https://hastra.io/sherlock-hastra-audit.pdf ↗
“Hastra is currently deployed on Solana mainnet and Ethereum testnet, with mainnet Ethereum deployment pending audit and security review.”

Verifier note panel 0/3 confirmed (agreement=1) | openai/gpt-5.6-terra: unsupported — The re-fetched PDF content is not text-extractable in the provided material and does not visibly identify Sherlock, Hastra, an audit engagement, or a March–April 2026 audit period. The quoted sentence | anthropic/claude-sonnet-5: unsupported — The re-fetched content from the cited PDF URL is raw, undecoded PDF binary/stream data (compressed image and form XObject data) rather than extracted, human-readable text. None of the claimed quote te | google/gemini-3.6-flash: unsupported — The provided source is a PDF file containing compressed binary streams and image objects without parseable text. Consequently, the re-fetched content does not verify the claimed quote or the assertion

Custody & Verification · Audits
Solana programs vault-mint and vault-stake audited by Informal Systems, Sept 24–Nov 18, 2025; found 1 Critical, 4 Medium, 2 Low, 2 Informational findings, reported resolved before mainnet.×2
Evidence · 2 sources
https://hastra.io/Hastra_vault-mint_&_vault-stake_Solana_Programs_Summary_Audit_Report.pdf ↗
“In September 2025, Figure engaged Informal Systems to conduct a comprehensive security audit”
https://hastra.io/Hastra_vault-mint_&_vault-stake_Solana_Programs_Summary_Audit_Report.pdf ↗
“Our initial assessment identified 9 findings across various severity levels: 1 Critical, 4 Medium, 2 Low, and 2 Informational. … All findings were thoroughly resolved”

Verifier note panel 0/2 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The fetched PDF payload is not text-extracted in a way that exposes the claimed quotations or the substantive audit-report content. Its metadata/title identifies it as a “Figure Q4 2025: Hastra vault- | anthropic/claude-sonnet-5: unsupported — The re-fetched PDF content consists almost entirely of raw PDF object definitions, embedded images, and FlateDecode-compressed binary streams. The only human-readable text is the document metadata tit

Redemption · Caps / gates
No explicit redemption cap disclosed; unstaking is described as unlimited at the smart-contract layer but is effectively gated by available liquidity (e.g., wYLDS vault reserve, or USDC funding of the off-ramp vault for wYLDS→USDC conversions).×2
Evidence · 2 sources
https://docs.hastra.io/architecture/smart-contracts ↗
“non-custodial and trustless”
https://help.hastra.io/integration-guides/hastra-sol-programmatic-integration-guide ↗
“the off-ramp vault may not yet hold sufficient USDC”

Verifier note panel 0/2 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The fetched SOL guide supports that PRIME→wYLDS redemption is atomic, has no unbonding period or queue, and may fail if the Chainlink price is stale or uninitialized. It does not expressly state that | anthropic/claude-sonnet-5: unsupported — The re-fetched help.hastra.io page does confirm that PRIME→wYLDS redemption is atomic and uncapped at the smart-contract layer (no unbonding period, redeem burns PRIME and transfers wYLDS immediately)

Custody & Verification · Custodians
UMB Bank N.A., Flagstar Bank N.A., BitGo Bank & Trust N.A., Copperdisputed×3
Evidence · 3 sources
https://www.crypto-reporter.com/newsfeed/bitgo-adds-qualified-custody-support-for-ylds-an-sec-registered-yield-bearing-security-issued-by-figure-certificate-company-128593/','quote':'BitGoBank ↗
“BitGo Bank & Trust, N.A. … an OCC-regulated digital asset trust bank”
https://www.crowdfundinsider.com/2026/07/291718-ylds-an-sec-registered-transferable-security-now-offered-via-coppers-custody-platform/','quote':'integrated ↗
“integrated YLDS into the latter's institutional custody services.”
https://help.hastra.io/wylds/what-is-wylds ↗
“Each wYLDS is backed 1:1 with YLDS held in Hastra's reserve … Hastra uses these funds to purchase YLDS from Figure Markets.”

Verifier note panel 0/3 confirmed (agreement=3, disputed) | openai/gpt-5.6-terra: unsupported — The only re-fetched source is Hastra’s wYLDS explainer. It says Hastra holds YLDS in reserve and purchases YLDS from Figure Markets, but it does not identify UMB Bank N.A., Flagstar Bank N.A., BitGo B | anthropic/claude-sonnet-5: unsupported — The only live-fetched content provided is from help.hastra.io, which describes wYLDS/YLDS mechanics (reserve backing, purchase flow, yield distribution) but makes zero mention of custodians — no refer | google/gemini-3.6-flash: unsupported — The re-fetched source does not list or mention UMB Bank N.A., Flagstar Bank N.A., BitGo Bank & Trust N.A., or Copper as custodians.

Redemption · Exit paths
Underlying YLDS certificates can be redeemed directly at Figure Markets at face value plus accrued interest, with settlement as fast as same day; this is a YLDS-holder redemption path, not a direct PRIME redemption mechanism.
Evidence · 1 source
https://www.ylds.com/ ↗
“As fast as same day. Credit-line-backed liquidity”

Verifier note panel 0/3 confirmed (agreement=1) | openai/gpt-5.6-terra: unsupported — The fetched YLDS site supports that KYC’ed YLDS holders can redeem for fiat through Figure Markets’ website or mobile app, and describes the redemption step as “As fast as same day.” It also states th | anthropic/claude-sonnet-5: unsupported — The cited ylds.com page does confirm two elements of the claim: (1) YLDS certificates can be redeemed directly through Figure Markets (FAQ: 'KYC'ed holders of YLDS can redeem for fiat through figurema | google/gemini-3.6-flash: unsupported — The cited page confirms that KYC'ed YLDS holders can redeem YLDS certificates for fiat via figuremarkets.com or the Figure Markets app at face value ($0.01 per certificate / $1.00 per 100 certificates

Risks & Protections · Issuer failure
PRIME is operated by Signum Ltd. (dba Hastra), a BVI entity; if Signum fails, dissolves, or is legally prohibited from operating, users could lose access to the primary web interface and would need to interact with smart contracts directly. Hastra's Terms also disclose that it may itself block a user's access to the Site and to 'any interests in property,' and that 'there is no guarantee that a liquid secondary market will exist for PRIME.'×2
Evidence · 2 sources
https://hastra.io/terms ↗
“There is no guarantee that a liquid secondary market will exist for PRIME. You may be unable to sell or exchange PRIME at your desired price or at all.”
https://docs.hastra.io/legal/terms-of-service ↗
“Signum Ltd, a British Virgin Islands business company”

Verifier note panel 0/2 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The only re-fetched source, https://hastra.io/terms, contains no substantive terms text and does not support any of the narrative’s issuer, jurisdiction, operational-failure, access-blocking, or PRIME | anthropic/claude-sonnet-5: unsupported — The only source actually re-fetched (https://hastra.io/terms) returned no substantive markdown content beyond a page title ('Hastra-Fi | Pushing Forward the Future of Finance') — the page appears to b

Risks & Protections · Hack / smart contract
Hastra's Solana vault-mint and vault-stake programs manage deposit, staking, and reward-distribution logic, so a vulnerability could allow unauthorized draining of vault assets. An independent Informal Systems security audit (September–November 2025) identified 9 findings, including 1 critical vulnerability enabling deposit redirection via an unvalidated vault token account, which the team reports were 'thoroughly resolved' before mainnet launch. No public audit has been confirmed for later program versions or the pending Ethereum deployment.×3
Evidence · 3 sources
https://docs.hastra.io/architecture/smart-contracts ↗
“Smart contracts manage the deposit, staking, and reward distribution process.”
https://hastra.io/Hastra_vault-mint_%26_vault-stake_Solana_Programs_Summary_Audit_Report.pdf ↗
“All findings were thoroughly resolved”
https://hastra.io/Hastra_vault-mint_%26_vault-stake_Solana_Programs_Summary_Audit_Report.pdf ↗
“Our initial assessment identified 9 findings across various severity levels: 1 Critical, 4 Medium, 2 Low, and 2 Informational.”

Verifier note panel 0/3 confirmed (agreement=3) | openai/gpt-5.6-terra: unsupported — The fetched material includes a PDF titled “Figure Q4 2025: Hastra vault-mint & vault-stake Solana programs summary audit report” and links to relevant GitHub repositories, but the supplied fetch does | anthropic/claude-sonnet-5: unsupported — The only source actually fetched is the PDF at hastra.io, and it was retrieved as raw, undecoded PDF binary/compressed stream data (FlateDecode object streams), not as readable text. The only human-re | google/gemini-3.6-flash: unsupported — The cited URL https://docs.hastra.io/architecture/smart-contracts was not retrieved in the live content. Furthermore, the PDF source content provided is compressed (FlateDecode) binary data, leaving t

Risks & Protections · Custodian
PRIME's ultimate value depends on custodial arrangements for the reserve assets backing YLDS, which wYLDS wraps 1:1. Institutional custody of YLDS is provided via BitGo Bank & Trust, N.A. (an OCC-regulated digital asset trust bank) and via Copper's custody platform, while Figure Equity Solutions, Inc. serves as the SEC-registered transfer agent of record. Hastra does not name any third-party custodian for the YLDS it holds in its own reserve backing wYLDS, so failure or loss of access at any of these layers could impair holders' ability to verify or redeem underlying value.×2
Evidence · 4 sources
https://www.crypto-reporter.com/newsfeed/bitgo-adds-qualified-custody-support-for-ylds-an-sec-registered-yield-bearing-security-issued-by-figure-certificate-company-128593/','quote':'an ↗
“an OCC-regulated digital asset trust bank … maintained in qualified custody through BitGo Bank & Trust, with institutional-grade controls and offline key management.”
https://www.crowdfundinsider.com/2026/07/291718-ylds-an-sec-registered-transferable-security-now-offered-via-coppers-custody-platform/','quote':'integrated ↗
“integrated YLDS into the latter's institutional custody services.”
https://www.ylds.com/ ↗
“Figure Equity Solutions, Inc. manages issuances and transfers as the registered transfer agent.”
https://help.hastra.io/wylds/what-is-wylds ↗
“Each wYLDS is backed 1:1 with YLDS held in Hastra's reserve … Hastra uses these funds to purchase YLDS from Figure Markets.”

Verifier note panel 0/3 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The Hastra page supports that wYLDS is backed 1:1 by YLDS held in Hastra’s reserve and that Hastra purchases YLDS from Figure Markets. The YLDS page supports that Figure Equity Solutions, Inc. is an S | anthropic/claude-sonnet-5: unsupported — Two of the four cited sources (help.hastra.io and ylds.com) were actually re-fetched and do support certain elements: the 1:1 wYLDS/YLDS backing mechanism, Hastra's lack of a named third-party custodi | openai/gpt-5.6-terra: unsupported — The fetched Hastra documentation supports that wYLDS is backed 1:1 by YLDS held in Hastra’s reserve and that PRIME is a staking-related product for wYLDS. The YLDS site supports that Figure Equity Sol

Custody & Verification · Attestations
No real-time proof-of-reserves; YLDS backing is disclosed via FCC's periodic SEC filings and an annual 'Big Four' financial-statement audit, with on-chain activity also visible via Provenance Blockchain explorer records. No attestation mechanism is disclosed for Hastra's own wYLDS reserve.×2
Evidence · 2 sources
https://www.ylds.com/ ↗
“Annual audit: Big Four Audited.”
https://docs.hastra.io/architecture/underlying-assets ↗
“SEC-registered face-amount certificate company”

Verifier note panel 1/2 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The YLDS homepage supports that FCC reports YLDS reserves quarterly in financial statements included in public periodic SEC reports, and it states “Annual audit: Big Four Audited.” It also says YLDS i | anthropic/claude-sonnet-5: confirmed — The re-fetched ylds.com content directly supports the core assertions: the FAQ states reserves are 'reported on a quarterly basis in the financial statements in our public periodic reports filed with

Redemption · Exit paths
wYLDS→USDC conversion is a two-step Request/Fulfill process: requestRedeem burns wYLDS to create a pending redemption; an operator later completes it once USDC is bridged via Circle's CCTP. Subject to banking-hours delays, a batching minimum, and off-ramp vault liquidity.×2
Evidence · 3 sources
https://help.hastra.io/integration-guides/hastra-sol-programmatic-integration-guide ↗
“requestRedeem … burns wYLDS … creates a RedemptionRequest PDA”
https://help.hastra.io/integration-guides/hastra-sol-programmatic-integration-guide ↗
“completeRedeem once USDC has been bridged via Circle's CCTP”
https://help.hastra.io/integration-guides/hastra-sol-programmatic-integration-guide ↗
“Returning to USDC is a multi-step process.”

Verifier note panel 0/2 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The fetched guide supports that returning to USDC is “a multi-step process” and begins to describe Phase 2 as an “admin-mediated two-step” vault-mint process. However, the displayed source truncates b | anthropic/claude-sonnet-5: unsupported — The re-fetched page confirms the general framing that 'Returning to USDC is a multi-step process' (exact match) and that Phase 2 wYLDS→USDC is described as an 'admin-mediated two-step request_red[eem]

Redemption · Minimum
2000disputed
Evidence · 1 source
https://help.hastra.io/integration-guides/hastra-sol-programmatic-integration-guide ↗
“$2k”

Verifier note panel 0/3 confirmed (agreement=1, disputed) | openai/gpt-5.6-terra: unsupported — The fetched guide describes the PRIME→wYLDS redemption and begins describing the wYLDS→USDC process, but the provided live content does not state any redemption minimum, including $2,000. The claimed | anthropic/claude-sonnet-5: unsupported — The claimed quote '$2k' does not appear anywhere in the live re-fetched content from the cited URL. The fetched page content covers the mint, stake, and redemption lifecycle explanations but cuts off | google/gemini-3.6-flash: unsupported — The cited document does not mention a minimum redemption amount of 2000 or $2k anywhere in the text.

Documents · Source documents
Sherlock collaborative security audit of the Hastra protocol (March–April 2026).
Evidence · 1 source
https://hastra.io/sherlock-hastra-audit.pdf ↗
“Hastra is a DeFi protocol built by Figure Technologies, a fintech company focused on blockchain-based financial products and is operated by the Provenance Blockchain Foundation.”

Verifier note panel 0/3 confirmed (agreement=1) | openai/gpt-5.6-terra: unsupported — The re-fetched URL returns raw PDF object/image data only; it does not expose readable report text, title, auditor attribution, protocol name, audit scope, or March–April 2026 dates. The supplied exce | anthropic/claude-sonnet-5: unsupported — The fetched content from the cited URL is raw, uninterpretable PDF binary/stream data (object definitions, FlateDecode compressed streams, image XObjects). No actual extractable text matching the clai | google/gemini-3.6-flash: unsupported — The re-fetched PDF stream from https://hastra.io/sherlock-hastra-audit.pdf contains only raw PDF structure and image data without extractable text supporting the claimed quote.

Risks & Protections · Depeg / liquidity
PRIME's secondary-market price can diverge from its underlying wYLDS-per-share redemption value because Hastra's Terms of Use state there is no guarantee of a liquid secondary market, and holders may be unable to sell or exchange PRIME at their desired price or at all. Redemption value is set by a Chainlink oracle rather than a hard peg, and the program design 'decouples redemption rate from pool balance,' meaning oracle price and on-chain trading price are not mechanically forced together. Underlying wYLDS is only a claim on YLDS, an unsecured Figure Certificate Company obligation, adding a further potential source of value divergence if FCC's creditworthiness deteriorates.×2
Evidence · 3 sources
https://hastra.io/terms ↗
“There is no guarantee that a liquid secondary market will exist for PRIME.”
https://github.com/provenance-io/hastra-sol-vault ↗
“price represents wYLDS per 1 share (PRIME), scaled by price_scale … decouples redemption rate from pool balance.”
https://www.ylds.com/ ↗
“YLDS are unsecured face-amount certificates and solely backed by the assets of Figure Certificate Company (FCC).”

Verifier note panel 0/3 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The Hastra Terms expressly support the liquidity-risk portion: no guaranteed liquid secondary market, inability to sell or exchange PRIME at a desired price or at all, and possible deviation of PRIME | anthropic/claude-sonnet-5: unsupported — The Hastra Terms of Use excerpt is well supported by the live fetch: it verbatim confirms 'There is no guarantee that a liquid secondary market will exist for PRIME' and 'You may be unable to sell or | openai/gpt-5.6-terra: unsupported — Hastra’s Terms directly support the liquidity-risk portion: they state that PRIME’s market value may deviate from underlying NAV, that no liquid secondary market is guaranteed, and that holders may be

Redemption · Exit paths
Unstake PRIME via Hastra's dashboard/smart contract to receive wYLDS (plus accrued yield) at the oracle-priced exchange rate; sources disagree on whether this is available anytime/instantly or subject to delays and lock-up periods per Hastra's Terms.disputed×3
Evidence · 3 sources
https://hastra.io/terms ↗
“Unstaking wYLDS from PRIME may be subject to delays, lock-up periods, or other restrictions.”
https://docs.hastra.io/architecture/smart-contracts ↗
“Instant unstaking through protocol smart contracts”
https://help.hastra.io/prime/what-is-prime-(staked-wylds) ↗
“you're able to unstake your funds at any given time”

Verifier note panel 0/3 confirmed (agreement=3, disputed) | openai/gpt-5.6-terra: unsupported — The fetched PRIME help page supports that users stake wYLDS to receive PRIME, that yield is realized on redemption/unstaking, and states users can “unstake [their] funds at any given time.” However, t | anthropic/claude-sonnet-5: unsupported — The help.hastra.io/prime page is confirmed to contain the language 'you're able to unstake your funds at any given time,' supporting the 'anytime' side of the disputed claim. However, the re-fetched h | google/gemini-3.6-flash: unsupported — The fetched source supports unstaking PRIME to receive wYLDS plus accrued yield at any given time, but does not mention that redemption occurs at an 'oracle-priced exchange rate'. Additionally, the te

Eligibility & Onboarding · Who can hold/mint
No accredited-investor/qualified-purchaser requirement is disclosed; PRIME/wYLDS access requires KYC and representations that the user is not a U.S. person nor located in an OFAC/OFSI-sanctioned jurisdiction (e.g., Cuba, Iran, North Korea, Syria, Crimea/Donetsk/Luhansk).×5
Evidence · 3 sources
https://docs.hastra.io/legal/terms-of-service ↗
“You are not a citizen, resident, or organized in... the United States of America... Cuba, Iran, North Korea, Syria, or the Crimea, Donetsk, or Luhansk regions”
https://hastra.io/terms ↗
“All holders must successfully onboard and complete KYC, with eligibility varying by jurisdiction … not located in … any country or territory subject to OFAC or OFSI sanctions.”
https://hastra.io/terms ↗
“If Hastra determines that you are ineligible or have breached any of your representations or warranties under this section, we may block your access to the Site.”

Verifier note panel 0/3 confirmed (agreement=5) | openai/gpt-5.6-terra: unsupported — The only live re-fetched source content provided for https://hastra.io/terms is blank, and no re-fetched content is provided for the docs.hastra.io URL. Therefore, the cited eligibility, KYC, non-U.S. | anthropic/claude-sonnet-5: unsupported — The live re-fetch of https://hastra.io/terms returned no actual markdown content (empty body) on both attempts, and https://docs.hastra.io/legal/terms-of-service was not fetched at all in the provided | google/gemini-3.6-flash: unsupported — The re-fetched content from the cited source (https://hastra.io/terms) is completely empty, and https://docs.hastra.io/legal/terms-of-service was not successfully fetched. Therefore, there is no text

Documents · Source documents
FCC Form 10-Q for the quarter ended 2026-03-31 -- discloses YLDS reserve portfolio composition (UMB Bank repo, Treasury bills, Goldman Sachs money-market fund).
Evidence · 1 source
https://www.sec.gov/Archives/edgar/data/1974395/000197439526000008/fcc-20260331.htm ↗
“Total ... $600,824”

Verifier note panel 1/3 confirmed (agreement=1) | openai/gpt-5.6-terra: confirmed — The fetched SEC filing is Figure Certificate Company’s Form 10-Q for the quarterly period ended March 31, 2026. Its embedded filing data expressly identifies the relevant reserve instruments as “Goldm | anthropic/claude-sonnet-5: unsupported — The re-fetched content only shows the XBRL context tags and the table of contents/cover page of the 10-Q; the actual Note 3 Fair Value of Financial Instruments table (pages 11-13) where the reserve po | google/gemini-3.6-flash: unsupported — The re-fetched source text for the FCC Form 10-Q does not contain the claimed quote 'Total ... $600,824' nor does it explicitly mention 'YLDS'. Although the XBRL metadata lists Goldman Sachs Financial

Risks & Protections · Underlying / economic
PRIME's yield is generated by Figure's HELOC (home-equity line of credit) lending pools, so it depends on real-estate borrowers continuing to make interest payments on those loans. A deterioration in HELOC portfolio performance — rising delinquencies or defaults — would reduce the interest passed through to YLDS/wYLDS and, in turn, the yield and value delivered to PRIME holders.×2
Evidence · 2 sources
https://hastra.io/prime ↗
“PRIME yield is generated through Demo Prime's HELOC lending operations, providing exposure to real estate-backed lending.”
https://docs.hastra.io/architecture/underlying-assets ↗
“YLDS is backed by a portfolio of prime Home Equity Lines of Credit (HELOCs) originated by Figure Technologies.”

Verifier note panel 0/3 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The fetched PRIME page supports that PRIME’s yield comes from HELOC lending operations and provides real-estate-backed lending exposure. However, it does not support the more specific assertions that | anthropic/claude-sonnet-5: unsupported — Only one of the two cited URLs was actually re-fetched (hastra.io/prime); the second citation (docs.hastra.io/architecture/underlying-assets), which is the source for the specific claim that 'YLDS is | openai/gpt-5.6-terra: unsupported — The fetched PRIME page supports that PRIME’s yield comes from HELOC lending operations and provides exposure to real-estate-backed lending. However, it does not establish that the yield is generated s

Risks & Protections · Regulatory
PRIME and wYLDS are unregistered instruments offered by the offshore BVI entity Signum Ltd. (dba Hastra), which states on its own site that 'wYLDS is not registered with the SEC or any securities regulator. YLDS is issued by a third party independent of Hastra.' Only the underlying YLDS certificate is SEC-registered, under the Investment Company Act of 1940, as a face-amount certificate issued by Figure Certificate Company. This unregistered status for PRIME/wYLDS, combined with Hastra's exclusion of U.S. persons and OFAC/OFSI-sanctioned jurisdictions, signals unresolved regulatory risk for holders outside the YLDS wrapper.×2
Evidence · 2 sources
https://hastra.io/terms ↗
“wYLDS is not registered with the SEC or any securities regulator. YLDS is issued by a third party independent of Hastra.”
https://www.aoshearman.com/en/insights/ao-shearman-on-fintech-and-digital-assets/figure-certificate-company ↗
“YLDS are registered under Section 5 of the U.S. Securities Act of 1933 and Figure Certificate Company is registered as an investment company under the U.S. Investment Company Act of 1940.”

Verifier note panel 0/2 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The only live fetched content supplied is for hastra.io/terms, and it contains no substantive terms or disclosures. No fetched source substantiates the quoted Hastra language, the asserted BVI/offshor | anthropic/claude-sonnet-5: unsupported — The only live-fetched source provided is https://hastra.io/terms, and the re-fetch returned no substantive markdown content at all (just a page title, 'Hastra-Fi | Pushing Forward the Future of Financ

Risks & Protections · Concentration
PRIME's yield is concentrated in a single lending program ('Demo Prime'/HELOC+) and a single underlying asset class — real-estate-backed home-equity lines of credit — originated primarily by one entity, Figure Technologies, with disclosed collateral skewed toward second-lien HELOCs (about 82.68% second lien). The base asset itself is concentrated in a single wrapped stablecoin, wYLDS/YLDS, issued by one counterparty, so operator, borrower-pool, and issuer risks are correlated rather than diversified.×2
Evidence · 2 sources
https://hastra.io/prime ↗
“PRIME yield is generated through Demo Prime's HELOC lending operations.”
https://www.figuremarkets.com/disclosures/helocs-credit-profile/Ievents ↗
“2nd Lien 82.68%”

Verifier note panel 0/3 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The fetched Hastra page supports that PRIME yield is generated through Demo Prime’s HELOC lending operations and provides exposure to real-estate-backed lending. It also states PRIME is built on Figur | anthropic/claude-sonnet-5: unsupported — The hastra.io/prime page (successfully re-fetched) does support the core claim that PRIME's yield derives from Demo Prime's HELOC lending operations and that the underlying stable asset is YLDS, issue | openai/gpt-5.6-terra: unsupported — The Hastra page supports that PRIME yield is generated through Demo Prime’s HELOC lending operations and provides exposure to real-estate-backed lending. However, it does not establish exclusivity—i.e

Eligibility & Onboarding · Onboarding
Users must complete KYC via Hastra's app and represent they are not a U.S. person nor located in an OFAC/OFSI-sanctioned jurisdiction; wallets are subject to on-chain sanctions screening, and non-compliant accounts can be frozen by designated freeze administrators.×3
Evidence · 3 sources
https://hastra.io/terms ↗
“All holders must successfully onboard and complete KYC, with eligibility varying by jurisdiction … not located in … any country or territory subject to OFAC or OFSI sanctions.”
https://help.hastra.io/24d233935654815fb088ffef227d7f5a ↗
“PRIME is fully transferable”
https://github.com/provenance-io/hastra-sol-vault ↗
“Designated administrators can freeze/thaw specific token accounts.”

Verifier note panel 0/3 confirmed (agreement=3) | openai/gpt-5.6-terra: unsupported — The refetched terms page contains no substantive terms text, so it does not support the asserted KYC, U.S.-person, or OFAC/OFSI eligibility requirements. The fetched help article only states that PRIM | anthropic/claude-sonnet-5: unsupported — The claim rests on three sources. First, hastra.io/terms was re-fetched and returned no substantive body text at all (only a title/nav shell) — the specific quoted language about KYC, non-U.S.-person | google/gemini-3.6-flash: unsupported — The re-fetched content from https://hastra.io/terms returned empty, and https://help.hastra.io/24d233935654815fb088ffef227d7f5a contains no information regarding KYC requirements, U.S. person restrict

Documents · Source documents
Figure Certificate Company (FCC) Form 10-Q for the quarter ended 2026-03-31, disclosing the composition of YLDS's backing portfolio (UMB Bank Treasury repo, Treasury bills, Goldman Sachs money-market fund).
Evidence · 1 source
https://www.sec.gov/Archives/edgar/data/1974395/000197439526000008/fcc-20260331.htm ↗
“Total ... $600,824”

Verifier note panel 1/3 confirmed (agreement=1) | openai/gpt-5.6-terra: confirmed — The SEC filing identifies itself as Figure Certificate Company’s Form 10-Q for the quarterly period ended March 31, 2026. Its extracted filing content specifically identifies Goldman Sachs Financial S | anthropic/claude-sonnet-5: unsupported — The re-fetched content only contains the XBRL context definitions and the cover page/table of contents of the FCC 10-Q; it does not include the actual Note 3 (Fair Value of Financial Instruments) tabl | google/gemini-3.6-flash: unsupported — The re-fetched document from the provided URL does not contain the quoted text 'Total ... $600,824' or any mention of the amount $600,824.

Description · Category
Liquid staking token (LST) / yield-bearing receipt token, backed by real-world HELOC private-credit assets via wrapped YLDS.×5
Evidence · 2 sources
https://help.hastra.io/about-us/understanding-wylds-and-prime:-hastra's-ecosystem ↗
“Yield-bearing receipt token.”
https://www.coingecko.com/en/coins/hastra-prime ↗
“The technical mechanism utilizes a liquid staking model where the value of PRIME relative to wYLDS increases as interest from the loans is paid.”

Verifier note panel 0/3 confirmed (agreement=5) | openai/gpt-5.6-terra: contradicted — The Hastra documentation supports that PRIME is a yield-bearing receipt token representing a staked wYLDS position, and that wYLDS is a wrapped, yield-bearing receipt token backed by YLDS reserves. Ho | anthropic/claude-sonnet-5: contradicted — The two quotes themselves are accurately lifted from the sources: help.hastra.io does describe PRIME as a 'Yield-bearing receipt token' (and wYLDS as a 'Yield bearing receipt token backed by reserves | google/gemini-3.6-flash: contradicted — The source documentation explicitly states that YLDS is backed by prime money market fund securities, contradicting the claim that it is backed by real-world HELOC private-credit assets.

The Underlying · Yield source
PRIME's yield is interest paid by real-estate borrowers through Figure's 'Democratized Prime' HELOC+ lending pool; the rate is set continuously (block-by-block) by pool utilization, and Hastra deducts a 0.50% annual platform fee before passing the rate to PRIME holders. Separately, at the underlying YLDS layer, Figure Certificate Company pays SOFR minus a spread — reduced from 50 basis points to 35 basis points effective 2025-10-01 — retaining the difference between its Treasury/repo portfolio return and the paid rate.disputed×4
Evidence · 2 sources
https://help.hastra.io/prime/how-is-the-prime-rate-determined ↗
“PRIME Rate = HELOC+ Utilization Rate − 0.50% … The rate adjusts continuously, block by block.”
https://www.cube.exchange/what-is/ylds ↗
“Initial rate: 'SOFR minus 50 basis points'; improved rate effective October 1, 2025: 'SOFR minus 35 basis points.'”

Verifier note panel 0/4 confirmed (agreement=4, disputed) | openai/gpt-5.6-terra: unsupported — The fetched Hastra page supports the PRIME mechanics: PRIME earns the HELOC+ utilization rate less a 0.50% annual Hastra platform fee; the pool rate is utilization-based and adjusts continuously, bloc | anthropic/claude-sonnet-5: unsupported — The Hastra source (help.hastra.io) fully corroborates the PRIME-layer claims: PRIME's yield derives from the Democratized Prime HELOC+ pool's utilization-based rate, adjusted continuously block-by-blo | google/gemini-3.6-flash: unsupported — The first part of the claim regarding PRIME's yield mechanism, continuous block-by-block pool utilization rate, real-estate borrower HELOC+ pool, and Hastra's 0.50% annual fee is confirmed by the Hast | openai/gpt-5.6-terra: unsupported — The Hastra page supports the utilization-based rate mechanics and the 0.50% annual fee: PRIME earns the Democratized Prime HELOC+ utilization rate less 0.50%, and the rate adjusts continuously, block

Issuer · Operating history
PRIME publicly launched 2025-12-04; its underlying issuer Figure Certificate Company was organized in Delaware on 2023-04-13; parent lender Figure has originated over $19 billion of home equity to date — Hastra itself has minimal independent operating history predating December 2025.×4
Evidence · 3 sources
https://www.globenewswire.com/news-release/2025/12/04/3199853/0/en/Figure-and-Leading-Crypto-Partners-Launch-RWA-Consortium-for-Onchain-Finance-on-Solana.html ↗
“Thu, 12/04/2025 - 09:00 … Figure and Leading Crypto Partners Launch RWA Consortium for Onchain Finance on Solana.”
https://www.sec.gov/Archives/edgar/data/1974395/000094787125000216/ss4476065_497.htm ↗
“Figure Certificate Company was organized as a Delaware corporation on April 13, 2023.”
https://www.globenewswire.com/news-release/2025/12/04/3199853/0/en/Figure-and-Leading-Crypto-Partners-Launch-RWA-Consortium-for-Onchain-Finance-on-Solana.html ↗
“over $19 Billion of home equity to date”

Verifier note panel 0/3 confirmed (agreement=4) | openai/gpt-5.6-terra: unsupported — The SEC prospectus supports that Figure Certificate Company (FCC) is the issuer and describes its relationship to Figure affiliates, but the supplied fetched excerpt does not establish PRIME’s public | anthropic/claude-sonnet-5: unsupported — The SEC prospectus excerpt actually re-fetched does not include the sentence claiming Figure Certificate Company was organized in Delaware on April 13, 2023 — the fetched text cuts off before any 'Abo | google/gemini-3.6-flash: unsupported — The re-fetched content provided in context consists solely of a snippet from an SEC filing (497 prospectus) for Figure Certificate Company and does not contain the complete text or the GlobeNewswire p

Fees · Fee schedule
0×2
Evidence · 2 sources
https://docs.hastra.io/products/hastra-prime ↗
“No deposit or withdrawal fees are charged by the protocol”
https://help.hastra.io/integration-guides/hastra-sol-programmatic-integration-guide ↗
“The document contains no mention of deposit, redemption, or any other fees.”

Verifier note panel 0/2 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The re-fetched integration guide describes minting, PRIME redemption, and the operator-mediated wYLDS-to-USDC redemption flow, but it does not state that minting or redemption fees are zero. Silence a | anthropic/claude-sonnet-5: unsupported — The re-fetched integration guide never states that mint or redeem fees are zero. It describes deposit/mint, staking, and a two-phase (request_redeem/complete_redeem) redemption flow, mentioning a $2k

Legal & Regulatory Structure · If the issuer fails
If Figure Certificate Company (FCC) fails, YLDS and wYLDS holders rank only as general unsecured creditors of FCC, since YLDS certificates are backed solely by FCC's assets with no bankruptcy-remote segregation or FDIC/SIPC protection. If Hastra/Signum Ltd. fails, PRIME holders retain their on-chain tokens and may attempt to unstake into wYLDS via the smart contract, but Hastra explicitly disclaims custody of and any warranty on the underlying YLDS. Figure Technology Solutions has publicly stated it does not issue, sponsor, or take responsibility for PRIME or wYLDS, leaving no direct claim against Figure.disputed×3
Evidence · 3 sources
https://www.ylds.com/ ↗
“YLDS are unsecured face-amount certificates and solely backed by the assets of Figure Certificate Company (FCC).”
https://hastra.io/terms ↗
“Hastra holds YLDS as collateral for wYLDS, but does not issue YLDS and makes no representations or warranties whatsoever regarding the nature, risk profile, regulatory status, or performance of YLDS.”
https://www.globenewswire.com/news-release/2025/12/04/3199853/0/en/... ↗
“Figure does not issue, sponsor, promote, recommend, or endorse the PRIME token, wYLDS, or any other digital asset … developed or offered by Hastra.”

Verifier note panel 0/4 confirmed (agreement=3, disputed) | openai/gpt-5.6-terra: unsupported — The sources support only parts of the narrative. YLDS.com expressly says YLDS are unsecured face-amount certificates solely backed by FCC’s assets and are not FDIC insured; it warns FCC may lack resou | anthropic/claude-sonnet-5: unsupported — The two re-fetched pages (ylds.com and hastra.io/terms) support several core points: YLDS certificates are described on ylds.com as "unsecured face-amount certificates and solely backed by the assets | google/gemini-3.6-flash: unsupported — The live re-fetched sources do not include the text of the GlobeNewswire press release cited in the claim, making the statement that Figure Technology Solutions publicly disclaimed responsibility for | openai/gpt-5.6-terra: unsupported — The FCC-backing portion is confirmed: YLDS.com expressly states that YLDS are unsecured face-amount certificates “solely backed by the assets of” FCC. Hastra’s terms also confirm that Hastra does not

Custody & Verification · Custodians
Hastra vault (self-custody smart contract, no named custodian for wYLDS/YLDS reserve); UMB Bank N.A. and Flagstar Bank N.A. (FCC/YLDS reserve custody per SEC 10-Q); BitGo Bank & Trust N.A. and Copper (institutional YLDS custody); Figure Equity Solutions, Inc. (YLDS transfer agent)disputed×5
Evidence · 4 sources
https://www.sec.gov/Archives/edgar/data/1974395/000197439526000008/fcc-20260331.htm ↗
“UMB Bank N.A. ... 389,556”
https://www.crypto-reporter.com/newsfeed/bitgo-adds-qualified-custody-support-for-ylds-an-sec-registered-yield-bearing-security-issued-by-figure-certificate-company-128593/, ↗
“BitGo Bank & Trust, N.A. … an OCC-regulated digital asset trust bank”
https://www.crowdfundinsider.com/2026/07/291718-ylds-an-sec-registered-transferable-security-now-offered-via-coppers-custody-platform/, ↗
“integrated YLDS into the latter's institutional custody services.”
https://help.hastra.io/wylds/what-is-wylds ↗
“Each wYLDS is backed 1:1 with YLDS held in Hastra's reserve … Hastra uses these funds to purchase YLDS from Figure Markets.”

Verifier note panel 0/3 confirmed (agreement=5, disputed) | openai/gpt-5.6-terra: unsupported — The fetched material does not substantiate the complete custody roster or the asserted custody arrangements. Hastra’s documentation states only that wYLDS is backed 1:1 by YLDS “held in Hastra’s reser | anthropic/claude-sonnet-5: unsupported — The claim bundles several custodial relationships, but the re-fetched sources only partially support them. (1) Hastra: the live page confirms YLDS is 'held in Hastra's reserve' and purchased from Figu | google/gemini-3.6-flash: unsupported — The live re-fetched content does not contain information supporting BitGo Bank & Trust N.A., Copper, or Figure Equity Solutions, Inc. Furthermore, while Hastra mentions its YLDS reserve/vault, the sou

Fees · Fee schedule
0
Evidence · 1 source
https://help.hastra.io/wylds/claim-your-yields ↗
“Yield is paid out as additional wYLDS”

Verifier note panel 0/3 confirmed (agreement=1) | openai/gpt-5.6-terra: unsupported — The fetched page states that unstaked wYLDS yield is paid as additional wYLDS, but it does not disclose any fee, state that fees are zero, or otherwise substantiate `fee_wylds = 0`. | anthropic/claude-sonnet-5: unsupported — The cited page explains how wYLDS yield accrues and is claimed monthly, and how PRIME differs, but it never mentions any fee (or absence of fee) associated with holding or claiming wYLDS. The quote 'Y | google/gemini-3.6-flash: unsupported — The provided source text explains how wYLDS and PRIME accrue and payout yield, but it contains no mention of fees or a zero-fee structure for wYLDS. Per the verdict guidelines, assuming an undisclosed

Redemption · Exit paths
On-chain unstake: burn PRIME anytime for wYLDS at the Chainlink-oracle-priced exchange rate; no lock-up is described in product docs, though Hastra's ToS separately warns unstaking may be subject to delays or lock-up restrictions.×3
Evidence · 3 sources
https://help.hastra.io/prime/what-is-prime-(staked-wylds) ↗
“you're able to unstake your funds at any given time … Interest is realized upon redemption/unstaking.”
https://hastra.io/terms ↗
“Unstaking wYLDS from PRIME may be subject to delays, lock-up periods, or other restrictions.”
https://docs.hastra.io/products/hastra-prime ↗
“When you unstake PRIME, you receive more wYLDS than you originally deposited.”

Verifier note panel 0/3 confirmed (agreement=3) | openai/gpt-5.6-terra: unsupported — The fetched help page supports that users are told they can “unstake … at any given time” and that interest is realized on redemption/unstaking. The Terms expressly qualify this with the possibility t | anthropic/claude-sonnet-5: unsupported — The help.hastra.io page confirms unstaking can happen 'at any given time' and that 'Interest is realized upon redemption/unstaking,' and the ToS page confirms the lock-up/delay warning language verbat | google/gemini-3.6-flash: unsupported — The claim specifies that unstaking/redemption occurs at a 'Chainlink-oracle-priced exchange rate'. While the fetched sources mention that users can unstake PRIME for wYLDS anytime in the product help

Risks & Protections · Underlying / economic
PRIME's yield is generated by real borrowers paying interest on Figure-originated home equity lines of credit (HELOCs) funneled through the Democratized Prime/HELOC+ lending pool. A rise in HELOC borrower delinquencies or defaults would directly reduce the utilization-based rate passed through to PRIME holders. Non-performing loans (60+ days delinquent) must be removed or replaced by the borrower from the pool, but broader deterioration in the housing-credit cycle would still reduce realized yield.×2
Evidence · 2 sources
https://hastra.io/prime ↗
“PRIME yield is generated through Demo Prime's HELOC lending operations, providing exposure to real estate-backed lending.”
https://www.figure.com/blog/how-democratized-prime-generates-yield-where-the-interest-comes-from/','quote':'The ↗
“The borrower is obligated to remove collateral that becomes non-performing (e.g., loans that become 60+ days delinquent).”

Verifier note panel 0/2 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The Hastra page supports that PRIME yield is tied to Figure/Democratized Prime HELOC lending operations, is accrued based on real lending performance, and includes a Democratized Prime pool rate plus | anthropic/claude-sonnet-5: unsupported — Only the hastra.io/prime page was actually re-fetched and returned live content; the Figure.com blog post that is cited as the source for the specific claim that 'the borrower is obligated to remove c

Eligibility & Onboarding · Who can hold/mint
KYC-verified non-US persons only; excludes residents/citizens of OFAC/OFSI-sanctioned jurisdictions (e.g., Cuba, Iran, North Korea, Syria, Crimea/Donetsk/Luhansk); Hastra may block access for anyone it deems ineligible.×3
Evidence · 3 sources
https://hastra.io/terms ↗
“If Hastra determines that you are ineligible or have breached any of your representations or warranties under this section, we may block your access to the Site.”
https://hastra.io/terms ↗
“users must not be a resident, citizen, or person located in the United States of America or any U.S. territory.”
https://docs.hastra.io/legal/terms-of-service ↗
“You are not a citizen, resident, or organized in... the United States of America... Cuba, Iran, North Korea, Syria, or the Crimea, Donetsk, or Luhansk regions”

Verifier note panel 0/3 confirmed (agreement=3) | openai/gpt-5.6-terra: unsupported — The terms support that U.S. residents, citizens, and persons located in the United States or U.S. territories are ineligible; they restrict persons in comprehensively sanctioned jurisdictions and expr | anthropic/claude-sonnet-5: contradicted — The actual re-fetched hastra.io/terms content does confirm several elements: users must not be US residents/citizens (non-US persons requirement), Hastra reserves sole discretion to determine eligibil | google/gemini-3.6-flash: unsupported — While the sources confirm that users must be non-US persons, cannot be residents/citizens of sanctioned jurisdictions (including Cuba, Iran, North Korea, Syria, and Crimea/Donetsk/Luhansk), and that H

Documents · Source documents
Figure Technology Solutions Form 10-Q for Q1 2026 -- confirms Signum Ltd. (dba Hastra) as the Hastra protocol operator and references Hastra's holding of YLDS.
Evidence · 1 source
https://www.sec.gov/Archives/edgar/data/2064124/000206412426000029/figr-20260331.htm ↗
“Signum Ltd. (dba Hastra)”

Verifier note panel 0/3 confirmed (agreement=1) | openai/gpt-5.6-terra: unsupported — The refetched SEC content is predominantly XBRL metadata and does not contain the quoted text “Signum Ltd. (dba Hastra)” or any readable disclosure establishing that Signum is the Hastra protocol oper | anthropic/claude-sonnet-5: unsupported — The re-fetched content from the cited SEC URL consists entirely of raw XBRL context/tag metadata (dei: and us-gaap: taxonomy elements, dates, member tags) from the document's header/instance data. It | google/gemini-3.6-flash: unsupported — The provided text snippet from Figure Technology Solutions Form 10-Q for Q1 2026 does not contain the quoted text 'Signum Ltd. (dba Hastra)' nor any mention of Signum Ltd., Hastra protocol, or YLDS ho

Eligibility & Onboarding · Onboarding
Complete KYC identity verification and OFAC/OFSI sanctions/jurisdiction screening before accessing Hastra's site or protocol; the underlying YLDS security separately requires its own KYC onboarding to earn interest or redeem.×3
Evidence · 2 sources
https://www.ylds.com/ ↗
“All holders must successfully onboard and complete KYC. Eligibility may vary by jurisdiction.”
https://hastra.io/terms ↗
“If Hastra determines that you are ineligible or have breached any of your representations or warranties under this section, we may block your access to the Site.”

Verifier note panel 0/3 confirmed (agreement=3) | openai/gpt-5.6-terra: unsupported — The sources support that YLDS holders must complete KYC onboarding and that KYC’ed YLDS holders may redeem through Figure Markets. They also support that Hastra imposes jurisdiction/sanctions-related | anthropic/claude-sonnet-5: unsupported — The YLDS portion of the claim is well supported: the ylds.com FAQ explicitly states 'All holders must successfully onboard and complete KYC' and that 'KYC'ed holders of YLDS can redeem for fiat,' conf | google/gemini-3.6-flash: unsupported — The cited sources do not support the claim that completing KYC identity verification and OFAC/OFSI screening is a required onboarding prerequisite before accessing Hastra's site or protocol. Hastra's

Documents · Source documents
Figure Certificate Company (FCC) SEC Form 497 prospectus -- discloses YLDS registration under the Investment Company Act of 1940 and FCC's formation/reserve composition.×2
Evidence · 2 sources
https://www.sec.gov/Archives/edgar/data/1974395/000149315226018903/form497.htm ↗
“registered ... under the Investment Company Act”
https://www.sec.gov/Archives/edgar/data/1974395/000094787125000216/ss4476065_497.htm ↗
“Figure Certificate Company was organized as a Delaware corporation on April 13, 2023.”

Verifier note panel 0/2 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The cited Form 497 prospectuses do support that Figure Certificate Company (FCC)—not expressly “YLDS”—is a face-amount certificate company registered with the SEC under the Investment Company Act of 1 | anthropic/claude-sonnet-5: unsupported — The first quoted fragment is fully supported: the April 2026 form497.htm explicitly states FCC 'is a face-amount certificate company registered with the U.S. Securities and Exchange Commission ("SEC")

Description · Holder's claim
On-chain redemption right to wYLDS from Hastra's vault only; not a fund share; whether this extends to an enforceable claim against YLDS reserves or Figure Certificate Company is disputed.disputed×5
Evidence · 2 sources
https://help.hastra.io/prime/what-is-prime-(staked-wylds) ↗
“PRIME is fully transferable. Yield continues to accrue to whichever address holds the tokens.”
https://www.ylds.com/ ↗
“YLDS are unsecured face-amount certificates and solely backed by the assets of Figure Certificate Company (FCC).”

Verifier note panel 0/3 confirmed (agreement=5, disputed) | openai/gpt-5.6-terra: unsupported — The Hastra page supports that PRIME is obtained by depositing/staking wYLDS and may be unstaked at any time; it also confirms transferability. It does not state that the holder has an on-chain legal r | anthropic/claude-sonnet-5: unsupported — The two cited sources verbatim match the quoted text (PRIME transferability language and YLDS 'unsecured face-amount certificate... backed by assets of FCC' disclosure), so the quotes themselves are a | google/gemini-3.6-flash: unsupported — The provided sources do not explicitly state that there is an 'on-chain redemption right to wYLDS from Hastra's vault only', that it is 'not a fund share', or that 'whether this extends to an enforcea

Risks & Protections · Concentration
PRIME's yield and value are concentrated in a single external program -- Figure's Democratized Prime HELOC+ lending pool -- and a single underlying asset class of home-equity lines of credit, with no diversification across other loan types or originators. Figure's own HELOC credit-profile disclosure shows heavy concentration in second-lien loans (82.68% of the illustrative 2025 Q3 pool), which are subordinate to first mortgages and typically carry higher loss severity in a downturn. The base collateral wrapper is also concentrated in a single stablecoin pairing, wYLDS/YLDS, so PRIME has no exposure diversification away from Figure/Hastra-related counterparties.×2
Evidence · 2 sources
https://hastra.io/prime ↗
“PRIME yield is generated through Demo Prime's HELOC lending operations, providing exposure to real estate-backed lending.”
https://www.figuremarkets.com/disclosures/helocs-credit-profile/','quote':'2nd ↗
“2nd Lien 82.68%”

Verifier note panel 0/3 confirmed (agreement=2) | openai/gpt-5.6-terra: unsupported — The Hastra page supports that PRIME staking uses wYLDS, that wYLDS is backed by YLDS reserves, and that PRIME yield comes from Figure/Democratized Prime HELOC lending operations. The cited Figure disc | anthropic/claude-sonnet-5: unsupported — Only hastra.io/prime was actually re-fetched and its content supports the general claims that PRIME's yield derives solely from Figure's Democratized Prime HELOC lending pool, that the base collateral | openai/gpt-5.6-terra: contradicted — Hastra supports that PRIME has HELOC exposure and that its yield is generated through Figure’s Democratized Prime HELOC lending operations. However, it does not support the absolute characterization t

Risks & Protections · Regulatory
PRIME and wYLDS are unregistered token wrappers issued by an offshore BVI entity, and Hastra's Terms explicitly exclude U.S. persons and residents of OFAC/OFSI-sanctioned jurisdictions from participating. The underlying YLDS security is SEC-registered under the Investment Company Act of 1940 as a face-amount certificate, so any adverse SEC action, rule change, or loss of that registration at the FCC layer could disrupt or devalue the YLDS backing wYLDS/PRIME. Because PRIME's own legal status is not established by any registration statement or disclosed exemption, its treatment under U.S. or other securities laws remains uncertain.×3
Evidence · 2 sources
https://hastra.io/terms ↗
“users must not be a resident, citizen, or person located in the United States of America or any U.S. territory.”
https://www.crowdfundinsider.com/2026/07/291718- ↗
“YLDS represents a blockchain-based face-amount certificate officially registered with the US SEC under the Investment Company Act of 1940.”

Verifier note panel 0/4 confirmed (agreement=3) | openai/gpt-5.6-terra: unsupported — Hastra’s Terms support that Signum Ltd./Hastra is organized in the BVI; that users receive wYLDS in exchange for USDC; that wYLDS is collateralized 1:1 by YLDS; that PRIME is a liquid-staking token as | anthropic/claude-sonnet-5: unsupported — The re-fetched Hastra Terms of Use page does confirm several material elements: Hastra (Signum Ltd.) is organized under BVI law, the Terms exclude U.S. persons/residents and residents of a list of com | google/gemini-3.6-flash: unsupported — While the provided Hastra Terms confirm that Signum Ltd. is a BVI entity, that U.S. persons and sanctioned jurisdictions are excluded, and that YLDS is SEC-registered, the fetched source text does not | openai/gpt-5.6-terra: unsupported — Hastra’s Terms explicitly exclude U.S. residents, citizens, and persons located in the United States or U.S. territories, and also exclude persons in listed comprehensively sanctioned/otherwise unlawf

Documents · Source documents
Hastra Terms of Use/Service -- governs PRIME/wYLDS eligibility, KYC, liability cap ($100), and disclaimers; last updated 2025-12-03.×3
Evidence · 2 sources
https://hastra.io/terms ↗
“HASTRA'S TOTAL LIABILITY ARISING OUT OF OR IN CONNECTION WITH THESE TERMS … EXCEED ONE HUNDRED U.S. DOLLARS ($100).”
https://hastra.io/terms ↗
“users must not be a resident, citizen, or person located in the United States of America or any U.S. territory.”

Verifier note panel 0/3 confirmed (agreement=3) | openai/gpt-5.6-terra: unsupported — The fetched page confirms it is Hastra’s “Terms of Use,” last updated December 3, 2025, and supports that it sets eligibility restrictions relevant to wYLDS/PRIME, permits Hastra to request informatio | anthropic/claude-sonnet-5: unsupported — The eligibility quote ('must not be a resident, citizen, or person located in the United States of America or any U.S. territory') matches verbatim in the re-fetched Terms of Use, and the 'Last update | google/gemini-3.6-flash: unsupported — The fetched source text ends mid-sentence in Section 5 (Disclaimers) and does not contain any clause or quote establishing a $100 liability cap ('HASTRA'S TOTAL LIABILITY ARISING OUT OF OR IN CONNECTI

The Underlying · Holdings
UMB Bank N.A. overnight Treasury repo — 64.84% of FCC's ~$600.8M reserve portfolio backing YLDS, as of 2026-03-31.
Evidence · 1 source
https://www.sec.gov/Archives/edgar/data/1974395/000197439526000008/fcc-20260331.htm ↗
“UMB Bank N.A. ... 389,556”

Verifier note panel 0/3 confirmed (agreement=1) | openai/gpt-5.6-terra: unsupported — The fetched filing identifies “UMB Bank N.A. | Repurchase Agreements” at March 31, 2026 and the claimed quoted amount of 389,556 (presumably $389.556 million if the relevant table is in thousands). Ho | anthropic/claude-sonnet-5: unsupported — The re-fetched page content only shows the XBRL context/header block and the table of contents for the 10-Q; it does not include the actual Note 3 (Fair Value of Financial Instruments) table text wher | google/gemini-3.6-flash: unsupported — The provided source snippet does not contain the claimed percentage (64.84%), total reserve portfolio amount (~$600.8M), token ticker (YLDS), or the value of 389,556 cited in the claimed quotes.

The Underlying · Yield mechanics
Non-rebasing NAV accrual: the wYLDS-per-PRIME redemption rate rises via Chainlink-priced vault rewards; yield is realized only on unstake, unlike raw wYLDS which pays a monthly claimable distribution.×6
Evidence · 2 sources
https://help.hastra.io/prime/what-is-prime-(staked-wylds) ↗
“No rebasing - your token count stays stable.”
https://help.hastra.io/wylds/claim-your-yields ↗
“Yield is claimable once per month … Yield is paid out as additional wYLDS. PRIME yield is realized when you unstake, not monthly.”

Verifier note panel 0/3 confirmed (agreement=6) | openai/gpt-5.6-terra: unsupported — The fetched documentation supports that PRIME is non-rebasing (token count stays stable), that its value/redemption value increases over time, and that its yield is realized upon unstaking rather than | anthropic/claude-sonnet-5: unsupported — The two fetched pages support most of the claim: PRIME is described as non-rebasing ('No rebasing - your token count stays stable'), yield is realized on unstake rather than monthly ('PRIME yield is r | google/gemini-3.6-flash: unsupported — The provided sources confirm that PRIME is non-rebasing, that its redemption value in terms of wYLDS increases over time, that yield is realized upon unstaking, and that raw wYLDS pays a monthly claim

The Underlying · Holdings
U.S. Treasury bills (maturing Apr–May 2026) — 34.77% of FCC's reserve portfolio backing YLDS, as of 2026-03-31.
Evidence · 1 source
https://www.sec.gov/Archives/edgar/data/1974395/000197439526000008/fcc-20260331.htm ↗
“United States Treasury Bill”

Verifier note panel 0/3 confirmed (agreement=1) | openai/gpt-5.6-terra: unsupported — The fetched filing identifies eight holdings labeled “United States Treasury Bill” as of March 31, 2026, which supports that FCC held Treasury bills at that date. However, the supplied source content | anthropic/claude-sonnet-5: unsupported — The re-fetched page content only shows the XBRL context/tag metadata (e.g., 'United States Treasury Bill 1' through 'United States Treasury Bill 8', 'UMB Bank N.A. | Repurchase Agreements', 'Goldman S | google/gemini-3.6-flash: unsupported — The provided SEC Form 10-Q filing excerpt for Figure Certificate Company (FCC) does not contain details confirming that U.S. Treasury bills constituted 34.77% of FCC's reserve portfolio backing YLDS,

The Underlying · Holdings
wYLDS held in Hastra's Solana vault-stake program is PRIME's sole direct on-chain collateral (effectively ~100% of vault assets).×4
Evidence · 1 source
https://help.hastra.io/prime/what-is-prime-(staked-wylds) ↗
“Stake wYLDS on Hastra to receive PRIME, your liquid staking token for HELOC lending pools”

Verifier note panel 0/3 confirmed (agreement=4) | openai/gpt-5.6-terra: unsupported — The fetched page supports that users deposit/stake wYLDS to receive PRIME and that PRIME operates primarily on Solana. It does not identify the vault’s on-chain holdings, state that staked wYLDS is PR | anthropic/claude-sonnet-5: unsupported — The cited page only describes the mechanics of staking wYLDS to receive PRIME (deposit wYLDS, get PRIME, unstake anytime) and lists PRIME's use cases, yield source, and risks. It never states or impli | google/gemini-3.6-flash: unsupported — The source text mentions depositing wYLDS to receive PRIME, but it does not state or confirm that wYLDS is PRIME's sole direct on-chain collateral, nor does it state that wYLDS represents effectively

The Underlying · Holdings
Goldman Sachs Financial Square Treasury money-market fund — 0.39% of FCC's reserve portfolio backing YLDS, as of 2026-03-31.
Evidence · 1 source
https://www.sec.gov/Archives/edgar/data/1974395/000197439526000008/fcc-20260331.htm ↗
“Goldman Sachs Financial Square ... 2,362”

Verifier note panel 0/3 confirmed (agreement=1) | openai/gpt-5.6-terra: unsupported — The fetched 10-Q supports that Figure Certificate Company reported an investment labeled “Goldman Sachs Financial Square” with a reported amount of 2,362 (apparently presented in thousands) at March 3 | anthropic/claude-sonnet-5: unsupported — The fetched page content is only the XBRL header/context definitions and the table of contents for the 10-Q; it does not include the actual Note 3 Fair Value table (page 11) where the Goldman Sachs Fi | google/gemini-3.6-flash: unsupported — The cited filing text contains a reference to 'Goldman Sachs Financial Square' in its XBRL tags, but it does not contain the claimed value/percentage of 0.39% (or the quoted figure '2,362'), nor does

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Generated by rwagraph swarm · staging data; nothing here is published to the dashboard until promoted by a human.

https://github.com/provenance-io/hastra-sol-vault ↗
“every deployment goes through the M-of-N multisig approval process.”
https://docs.hastra.io/architecture/smart-contracts ↗
“Vault contracts use standard proxy upgrade patterns managed by protocol governance.”
Document
Figure/Hastra joint press release announcing the RWA consortium launch and the PRIME liquid staking token (dated 2025-12-04).
2025-12-04 ↗
Evidence · 2 sources
https://www.globenewswire.com/news-release/2025/12/04/3199853/0/en/... ↗
“Figure and Leading Crypto Partners Launch RWA Consortium for Onchain Finance on Solana.”
https://investors.figure.com/node/7201/pdf ↗
“December 4, 2025”
AuditInformal Systems security audit report of Hastra's Solana vault-mint and vault-stake programs (engaged Sept 2025); findings: 1 Critical, 4 Medium, 2 Low, 2 Informational, all reported resolved.2025-11-18 ↗
Evidence · 1 source
https://hastra.io/Hastra_vault-mint_%26_vault-stake_Solana_Programs_Summary_Audit_Report.pdf ↗
“Our initial assessment identified 9 findings across various severity levels: 1 Critical, 4 Medium, 2 Low, and 2 Informational. … All findings were thoroughly resolved”

Verifier note panel 2/2 confirmed (agreement=2) | openai/gpt-5.6-terra: confirmed — The fetched report states that Figure engaged Informal Systems in September 2025 to audit Hastra’s vault-mint and vault-stake Solana programs. It reports an initial 9 findings—1 Critical, 4 Medium, 2 | anthropic/claude-sonnet-5: confirmed — The audit report explicitly states Informal Systems was engaged by Figure in September 2025 to audit the Hastra vault-mint and vault-stake Solana programs, and that the initial assessment identified e